Raghu writes: >> How does, say Pete Peterson know what the "right level" is? >> >> More importantly, given that I have admitted that the "right level" of >> debt is not precisely knowable, what are you suggesting we should do >> given this lack of knowledge?
PK seems certain that the present debt level is too low. That is a claim to knowledge, is it not? So if he knows the present level is too low, he should be able to tell us what level would be too high. The latter follows from the prior, does it not? I think my ability to judge and understand if PK is right about the debt level being too low is dependent in great part upon my understanding of what PK believes would be too high. Doesn't seem like alot to ask. David Shemano _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
