somewhat academic: but today's government deficit does have the Keynesian-stimulus effect on the US economy. These days, what with neo-globalization, a lot of this stimulus leaks out of the US to stimulate China, etc.
On 6/9/05, Ralph Johansen <[EMAIL PROTECTED]> wrote: > I'm puzzled here - don't Keynesian panaceas call for heavy deficit > spending, and if so how is that remotely feasible given the humongous > deficit the US now has? Or are you still referring to Germany, whose > deficit I know nothing about? Or is this discussion all as they say > academic? -- Jim Devine "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
