You're right. You don't know what aggregate demand means. On Thu, Dec 9, 2010 at 12:40 PM, Louis Proyect <[email protected]> wrote:
> On 12/9/2010 12:35 PM, Max Sawicky wrote: > > Meeropol's concern is the same as Baker, Galbraith, > > and your humble correspondent -- we need every drop > > of aggregate demand we can get now. High unemployment > > is toxic to the labor market and to politics in the longer > > term. > > Aggregate demand? I am not sure what this bit of jargon means. But > I do know this. Fortune 500 companies are sitting on oceans of > cash but they are not hiring. What makes anybody think that if the > men and women who own these companies get an extra ten million > dollars they will invest it in job-creating ventures? More likely > they will build another vacation home or Lamborghinis. > Whoop-de-fuck-de-doo. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l >
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