The fourth quadrant is the decisive one.
> Tom Walker wrote: > > You're being reasonable, Max. Not that there is anything wrong with that. But > what I'm thinking of is not a single pole of opposites but a system of > coordinates in which there two axes -- faith/blasphemy and reason/unreason, > > If I am located in the quadrant bounded by faith and reason and look across > at someone in the adjoining quadrant, it is crucial (no pun intended) to know > -- or at least surmise -- whether the adjoining quadrant is the one bound by > faith and unreason (yokels) or the one bounded by reason and blasphemy > (courtiers). > > We concede a great advantage to our opponents when we assume they are yokels > when in fact they are courtiers! > > On Sat, Mar 23, 2013 at 9:26 AM, Max Sawicky wrote: > > > I'd go further and consider the net interest paid to GDP ratio, if > > > we're in this context. > > > > Then there is the uber-Keynes view, to which I've become increasingly > > sympathetic, that these ratios don't matter at all. (Note Japan's debt/GDP > > ratio is 2.3 (230%) and while they have not been the greatest economy they > > are not blowing up.) > > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
