[EMAIL PROTECTED] wrote: >Doug wrote, >> The concept is that households are >> the ultimate holder of business debts - financial institutions are >> just intermediaries. > >It depends on your theory, I guess. What you say above is reasonable from the >point of view of some economists.
I was just citing the convention of the NIPAs. Conceptually, the people who make up households have to be the producers and recipients of everything, since corps are just legal fictions, no? Doug
