Double entry bookkeeping reveals that such spending must be financed in some way.
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That thinking reflects an absence of understanding of basic double entry bookkeeping.
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This simple double entry book keeping shows that the net cash flow into the economy produced by government spending is zero, nada, nothing.
Once again, my more ponderous thoughts were featured in an essay being published tomorrow in The Los Angeles Review of Books, in which I analyse Double Entry : How the Merchants of Venice Created Modern Finance by Jane Gleeson-White.
The next great leap ahead was the advent of double-entry accounting in Renaissance Italy.
Banking and double-entry bookkeeping, first created 500 years ago, enabled proto-capitalists to hide their wealth in a myriad of ways.
Throughout history, human beings have invented representational systems writing, music notation, double-entry bookkeeping to grasp with the mind what human hands could never touch.
Whereas business institutions in the Islamic world remained atomised, the West developed ever more resilient corporations limited liability became widely available in the mid-19th century as well as a penumbra of technologies such as double-entry book-keeping and stockmarkets.
With this approach you can find a low risk entry point if a true double top is being formed, but also can profit if it is just part of a continuation pattern.
Double Masters champion Jose Maria Olazabal has also comfirmed his entry.
"The notebook market is growing for at least the next two to three years, and with the entry of new mobile Internet devices, the market can easily double in size, changing the profile of the industry dramatically, " President Gianfranco Lanci of Acer said in a Reuters interview.
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