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Re: [Pen-l] For Many, a Boom That Wasn't



But isn't it the point that government debt doesn't have to be
resolved in real terms? By alternating between periods of war-time
prosperity and "peace-time" austerity, the state conceals the "source"
of the "national difficulties". From the perspective of Dilke's
analysis, the term "military Keynesianism" is an anachronism because
the practice pre-dated Keynes by centuries.

On 4/14/08, John Vertegaal <vertegaa@xxxxxxxxx> wrote:
> There is no other way of resolving governmental debt in real terms.

-- 
Sandwichman
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