[PEN-L:28708] Re: Post9/11 'Screw-up of economy"?

[Michael Perelman <michael@xxxxxxxxxxxxxxxxx>]

I was thinking of tourism/travel, for example.  I assume that it will
impede the flow of goods.

Extra spending on security may be a Keynesian boost.

On Sun, Jul 28, 2002 at 09:50:06AM -0400, Hari Kumar wrote:
> ORIGINAL: "The Soviet Union is not a fair test of planning.  We have
> been over that before.  The threat from the Cold War was a lot more
> serious than the terrorist threat to the US.  Look how the post 9-11
> policies have screwed up the economy." Michael Perelman Economics
> Department
> QUESTION: Perhaps I am being ridicoulously naive, but how exactly did
> post 9/11 policies 'screw up the economy"? I mean what was radically
> different in economics post 9/11? Yes there was a new imperialist war
> led by the USA - not new. Yes there has been a sea change in appraisal
> of tech stocks - not necessarily new. There has been protectionism - not
> necessarily new. I certainly fully agree with the comments that the Cold
> War imposed quite some constraints on the Soviet public.
> H
>

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

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