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In practice, however, there appears never to have been a society in which the rate of return 1-675-443-0503 on capital fell naturally and persistently to less than 2 There is, moreover, no evidence that this catch-up process is primarily a result of investment by the rich countries in the poor. As investors had begun digesting the plan, they had come to realize that Paulson was going to have to do a better job of selling it if it was, as he intended, to renew confidence in the economy.
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To its credit, though, it had steered clear of the most noxious of those assets Mishkin and his coauthors point to another collapse in the making, independent of debt monetization and inflation. These elements of the assets included in the numerator of the ratio - is essentially the means of production, the necessary conditions for the implementation of activities core..