How do you square that with William Baumol's statement that there has never been more money in existence than today? He said that in 2003.
REH -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Arthur Cordell Sent: Wednesday, April 25, 2012 10:11 AM To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION' Subject: [Futurework] FW: consistency While cleaning up emails I found one that I sent 2 years ago that refers to one in 1999. My views remain unchanged. arthur -----Original Message----- From: Arthur Cordell [mailto:[email protected]] Sent: Friday, February 26, 2010 11:38 AM To: 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION' Subject: consistency While cleaning up emails I found this one I sent over a decade ago !!! I still go along with my thinking of that time. While it is said that consistency is the hobgoblin of small minds, I seem to be consistent on this topic. arthur -----Original Message----- From: Cordell, Arthur: DPP Sent: Thursday, July 15, 1999 1:52 PM To: tom abeles; =SMTP:[email protected] Cc: Ed Weick; 'futurework'; Ian Ritchie My view is a function of things that I believe-- note I can't 'prove them' just believe them: 1. That western capitalist society has solved the production problem. 2. That we have not solved the distribution problem. 3. That good jobs for the broad middle class are less to be found these days than in the past and will be less so in the future.(because of IT and globalisation) 4. That effective demand has to be maintained if we are to avoid an economic meltdown. 5. That money will be found (from a bit tax, a tobin tax, some other form of turnover indirect tax) to provide a basic income, or to provide spending for some other type of workfare activivities in the third sector. 6. That governments will argue about debt this and deficit that but when the crunch comes, new money will be found. arthur cordell _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
