Final Reply to Karl C.

2002-07-25 Thread Natasha Potter
Sé: If the world economy is heading to a period of deflation, then I'm not convinced that the sort of spend that Brown has promised will be sufficient. Karl: I cannot subscribe to your argument. Even if Brown were to increase state spending by a putative sufficient amount it would not

Final Reply to Karl C.

2002-07-25 Thread Karl
Hi Sé Sé: I think that I have clearly demonstrated the first argument to be true. With limitless or *sufficient* state intervention, an economy will expand - that afterall is quite obvious. Karl: If, as you seem to suggest, there cannot be limitless state intervention then it makes no sense to