Re: Destruction and keynesianism

2001-09-15 Thread fabio guillermo rojas
I have heard a few news commentators suggest that the rebuilding process will spur the economy. I have not heard this from any gov't officials. I would guess that many economists in the gov't are probably concerned with making sure specific industries don't go under. Already, it's been suggeste

Destruction and keynesianism

2001-09-15 Thread Pierre Lemieux
Following Tuesday's tragic events, isn't it surprising that we don't hear much the Keynesian argument that repairs and reconstruction (plus, presumably, military purchases) will boost "aggregate demand" and pull the economy out of the recession it was drifting into? We even did not have to dig hol

Dismal science

2001-09-15 Thread Pierre Lemieux
According to a Harris poll (http://www.harrisinteractive.com/news/allnewsbydate.asp?NewsID=356), 65% of American shareholders think that stocks will go down when the market opens on Monday, but only 1% intend to sell -- presumably out of patriotism. The fact that markets are down elsewhere in the