[PEN-L:1105] Re: This list has some great kidders

[boddhisatva <kbevans@xxxxxxxxx>]

		C. Valis,


	As I said, we are seeing the groundwork laid for true despair when
this bubble bursts.  Again, isn't capitalism fun?


	I hope it's clear that I see *two* two questions here.  First, is
this monetarist transmogrification necessary *under capitalism*? - to
which I answer "yes".  Second, does it foreshadow disaster - likewise
"Yes."  The point is that you can't go back and re-institute or even save
a failed structure.  The Keynesian model stagnated (or led to crisis, as
in Japan) because it could not provide capitalism with enough
market-rationalized credit.



	peace