Re: RE: Keynes on "sinking funds"

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

At 12:34 PM 9/6/01 -0400, you wrote:
> Right
> now, as far as I can see, the only ones
> supporting the Dem's fiscal policy stance
> are PK and the DLC.

Is it really true that most macroeconomists in Washington are now rejecting
the fiscal austerity of PK and the DLC? ("PK & the DLC" sounds like a rock
group.)

>   Most everyone else
> has jumped ship, probably in response to
> my article in The Progressive Populist.

is this the famous "butterfly effect," in which small events can cause much
larger effects (a flapping butterfly in China causes a hurricane -- or a
himmicane -- in Florida)?

Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine