Re: relevance

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

Yes, yes, yes.  This is important.  And I would love to see us address the
degree that resource constraints are binding in the short-run.

Ricardo has been talking about resource constraints in China.  Just this
morning, Tim passed on the report about California and global warming and
water.  Energy constraints in the short run don't seem to too much for
problem, except for natural gas, and I don't know how much of that the
scarcity is artificial.

I have a feeling that this recession may be more tenacious than some other
people here expect.  I don't see biotechnology creating a wave of enthusiasm
comparable to the Internet.

Mark Jones wrote:

> Doug Henwood wrote:
>
> > That's me, Mr Sport! I'm used to Mark, I can take it.
>
> So coming straight to the point, why is there this slowdown that the Fed
> can't help by reducing rates?
>
> Mark

--

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx