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Re: German real wages in the Depression\Classical Views

somewhat academic: but today's government deficit does have the
Keynesian-stimulus effect on the US economy. These days, what with
neo-globalization, a lot of this stimulus leaks out of the US to
stimulate China, etc.

On 6/9/05, Ralph Johansen <michele@xxxxxxxx> wrote:
> I'm puzzled here - don't Keynesian panaceas call for heavy deficit
> spending, and if so how is that remotely feasible given the humongous
> deficit the US now has? Or are you still referring to Germany, whose
> deficit I know nothing about? Or is this discussion all as they say
> academic?

-- 
Jim Devine
"Segui il tuo corso, e lascia dir le genti." (Go your own way and let
people talk.) -- Karl, paraphrasing Dante.
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