Demanding that people respond usually just raises the temperature rather 
than the quality of the dialogue.

David B. Shemano wrote:

> You keep evading my question.  I will stipulate for purposes of discussion 
> that PK is right that a 100% debt level is better for the economy than the 
> present debt level.  But if PK knows that 100% is better, he should be able 
> to tell me whether 110% is better, whether 120% is better, etc. -- he should 
> be able to tell me at what point the percentage would be too high.  I don't 
> understand how PK can know that 100% is better if he does not know at what 
> point X% is too high.  


-- 
Michael Perelman
Economics Department
California State University
Chico, CA
95929

530 898 5321
fax 530 898 5901
http://michaelperelman.wordpress.com
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