You mean you believe what the neo-Classicals say?
Harry --------------------------------------------
Bill wrote:
Darryl,
Nail on the head. A number of economists have been predicting that lack of work force expansion and lack of purchasing power increase along with huge strides in productivity would lead to the potential for worldwide deflation as we are seeing now. Europe just cut interest rates and Greenspan is leaning that way. Was it here that someone posted an article on the issue of minus interest rates [doesn't that defy the rules of gravity?]
Bill
On Thu, 5 Jun 2003 19:08:44 -0700 "Darryl and Natalia" <<mailto:[EMAIL PROTECTED]>[EMAIL PROTECTED]> writes:
> But what if, through attrition, cutbacks, downsizing and the need for
> higher
> stock dividend returns, very few people in the community could
> afford your
> $50 million worth of goods and/or services?
>
> Who relaxes on the beach then? The Homeless?
>
> Darryl
**************************************************** Harry Pollard Henry George School of Social Science of Los Angeles Box 655 Tujunga CA 91042 Tel: (818) 352-4141 -- Fax: (818) 353-2242 http://home.attbi.com/~haledward ****************************************************
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