Mat wrote:>Argentina's problem was not budget deficits, but the currency board (among other things). I agree that external debt (debt denominated in another country's currency) is a problem.<
right.
>And I am certainly not arguing for SS privatization! <
I didn't think you were. I apologize if my prose implied as much.
>But haven't we learned anything from the mistake the Dems made during the 80s of calling the Repubs fiscally irresponsible? They could have even called them fiscally irresponsible if they had qualified what they meant. Instead sensible views were eliminated from the mainstream. Now, what will Baker be able to say when some call for Argentina or other countries to cut G spending more? He is on paper that deficits are a problem and surpluses are good. Disappointing.<
I agree that "fiscal irresponsibility" is a right-wing slogan. I think Baker agrees, but you'll have to ask him. I know that he's against the whole IMF program, which includes budget-balancing uber alles.
JD
- [PEN-L:28588] Re: Re: Vandana Shiva, (continued)
- [PEN-L:28588] Re: Re: Vandana Shiva, Doug Henwood Fri 26 Jul 2002, 18:11 GMT
- [PEN-L:28560] RE: Vandana Shiva, Devine, James Fri 26 Jul 2002, 16:50 GMT
- [PEN-L:28570] Re: RE: Vandana Shiva, Doug Henwood Fri 26 Jul 2002, 17:07 GMT
- [PEN-L:28576] Re: RE: Vandana Shiva, pms Fri 26 Jul 2002, 17:19 GMT
- [PEN-L:28557] RE: RE: RE: Baker and Kar on SS, Devine, James Fri 26 Jul 2002, 16:48 GMT
- [PEN-L:28558] spectrum scarcity, Michael Perelman Fri 26 Jul 2002, 16:47 GMT
- [PEN-L:28556] the great bet, Michael Perelman Fri 26 Jul 2002, 16:42 GMT
- [PEN-L:28572] Re: the great bet, Mark Jones Fri 26 Jul 2002, 17:13 GMT
- [PEN-L:28573] Re: the great bet, pms Fri 26 Jul 2002, 17:14 GMT