On May 18, 2009, at 9:43 PM, Max B. Sawicky wrote:
Deficits are a fall-back.
No. Except as a countercyclical stimulus, they're an evasion. And as Jim O'Connor once said, public debt increases capital's power over the state. When it gets big enough, rolling it over becomes a serious problem.
Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
