Why additions to cash balances cannot be categorized as consumption or saving/investment. 🧵 We only say a burrito is a consumption good because that is the way it is virtually always used. We say a forklift is a producer's good for the same reason.

Per Bylund @PerBylund · Mar 4, 2023

Good thread on #money.

Tweet Mar 4, 2023

by Jonathan Newman

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