http://blog.mpettis.com/2014/10/are-we-starting-to-see-why-its-really-the-exorbitant-burdenHowever, I don't get the "unemployment" part. Overinvestment and overconsumption I get - if you have some extra/free money [because you own the printing press], you can either invest it or buy some stuff with it. There is no third choice, really. But why any of that should lead to unemployment? The opposite, one would think, makes more sense - more investment should create more jobs.
Somebody please explain.
