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[Pen-l] Seems to me
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: [Pen-l] Seems to me
- From: Carl Dassbach <dassbach@xxxxxxx>
- Date: Sun, 26 Oct 2008 13:45:55 -0400
- User-agent: Thunderbird 2.0.0.9 (Windows/20071031)
that the current crisis is merely another expression of the fundamental
contradiction of capitalism manifested at a new level: the inherent
contradiction between society's ability to produce and society's ability
to consume.
Question - how does the lack of personal savings in the US (as far as I
know the US has the lowest rate of personal savings, less than zero, or
seen another way, Americans spend 103% of their income) figure in the
current crisis?
CHAD
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- Thread context:
- [Pen-l] October Surprise??,
Jim Devine Sun 26 Oct 2008, 19:36 GMT
- [Pen-l] Lack of personal savings....,
Joanna Sun 26 Oct 2008, 18:58 GMT
- [Pen-l] Mankiw's contradiction,
Jim Devine Sun 26 Oct 2008, 16:11 GMT
- [Pen-l] Lawrence Summers memo set to music,
Louis Proyect Sun 26 Oct 2008, 12:09 GMT
- [Pen-l] reading the posts??,
AMI Sat 25 Oct 2008, 20:55 GMT
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