Very Carroll Coxian. You have the last word if you like.
-----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Doug Henwood Sent: Monday, May 18, 2009 9:50 PM To: Progressive Economics Subject: Re: [Pen-l] Vulnerable logic in Dean Baker's argument? 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 _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
