Comments by "Jim Luebke" (@jimluebke3869) on "Human civilization is headed toward an economic crisis | Steve Keen and Lex Fridman" video.

"If I lend you money, you can spend that money, but I can't; so there's no change in aggregate demand" Er, what if I want to spend the money and you don't? Seems that demand is a matter of motivation as much as means. If you'd said that future-me couldn't spend the money because I'd have to pay it back, that would make more sense. However, if demand trails of with people as they age (and future-me is still making money) then a measure of aggregate demand taking into account present-me and future-me will be increased. All that said, I agree with you completely about the risks involved because some debts are never repaid. We still haven't solved the problem of risk, and I doubt we ever will.
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