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[PEN-L:30454] military keynesianism question



How effective can military keynesian be now?  The US economy is very open,
so much of the demand leaks out.  Unlike the world of WW II, the US is not
using goods that are produced using technology comparable to durable
consumer goods.  Instead, it depends more on very high tech, with
relatively little labor demand; suggesting that it will shift wealth more
toward the rich, lowering the boost to aggregate demand.
 --
Michael Perelman
Economics Department
California State University
Chico, CA 95929

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




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