> -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On > Behalf Of John Williams > Sent: Saturday, November 08, 2008 2:16 PM > To: Killer Bs (David Brin et al) Discussion > Subject: Government regulations and complex consequences > > http://www.econbrowser.com/archives/2008/11/the_new_improve.html > > James Hamilton writes: > > "... On the contrary, what we would really like to see at the moment > is an increase in the short-term T-bill rate and traded fed funds > rate, the current low rates being symptomatic of a greatly depressed > economy, high risk premia, and prospect for deflation...."
Out of curiosity, do you agree with what you've quoted, or think it is utter nonsense? If the former, have you changed your mind about the validity of measurements in a complex economy? Dan M. _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
