一产能过剩与金融危机随着经济的发展,人们的收入水平越来越高,在边际消费倾向递减的情况下,人们的储蓄越来越多。随着储蓄的增加,资金供给增加,这一方面导致存贷款利率下降;另一方面,人们对各种资产的需求都增加,导致各种资产的价格都上升。随着存贷款利率下降,企业投资就增加,资本存量越来越大,这会导致产出增加。而按照国民收入的恒等式,这同时意味着收入的增加,而收入的增加又会导致储蓄进一步增加,这就进入了一个新的循 Overcapacity and financial crisis With the development of economy, people’s income level is getting higher and higher. With the marginal propensity to consume decreasing, people’s savings are increasing. As savings increase, the supply of funds increases, which in turn leads to lower deposit and loan interest rates. On the other hand, people’s demand for various assets has increased, resulting in an increase in the prices of various assets. As deposit and lending rates fall, corporate investment increases and capital stock becomes larger, which results in higher output. In accordance with the identity of the national income, which at the same time implies an increase in income, which in turn leads to a further increase in savings, which enters a new cycle