Comment by smallmancontrov
8 days ago
> Lerner Symmetry Theorem
> The model assumes ... no foreign ownership of domestic assets, balanced trade
It's a magnifying glass with duct tape over the lens.
8 days ago
> Lerner Symmetry Theorem
> The model assumes ... no foreign ownership of domestic assets, balanced trade
It's a magnifying glass with duct tape over the lens.
These assumptions are sufficient to make the statement a proven theorem.
They are not necessary to work in practice.