Re: Re: Re: Democratic Party Fiscal Conservatism

[Mark Jones <mark.jones@xxxxxxxxxxxxx>]

At 26/08/01 23:13, Michael wrote:


> Rakesh Bhandari wrote:
>
> > ah what's a reasonable position for a left keynesian on trade? let's
> say the
> > tax cut suffers leakage and bush and greenspan and the fucking bond
> traders (as
> > clinton described them) are not willing to allow deficits the size of
> reagan's.
> > consumers are also maxed out, and interest rate reductions are now
> ineffective.
> >
> > now the keynesian is left with the mercantilists whom keynes so admired.
>
> I agree with you here,


I also agree and I am glad Rakesh is back, he is a clever economist.

Mark