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Re: [Pen-l] John Judis in the New Republic on Obama's choice for the CEA
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] John Judis in the New Republic on Obama's choice for the CEA
- From: Dan Zale <danzale2000@xxxxxxxxx>
- Date: Fri, 28 Nov 2008 09:12:02 -0800 (PST)
- Domainkey-signature: a=rsa-sha1; q=dns; c=nofws; s=s1024; d=yahoo.com; h=X-YMail-OSG:Received:X-Mailer:Date:From:Reply-To:Subject:To:In-Reply-To:MIME-Version:Content-Type:Message-ID; b=c/Kg5yv159YWHnCNukVMV9NCpkkaHXnQX5UemaVoyfYtOIv5yIXfRlfJzXSJQ07rXtGSjhD60HSWMKu+C38zC2zck3QGxXZbTXZBMh16SeYFVrPuEAZuWncVm8zZev9XOFJx50Fvcz6eJD1+7ewWjYGcuS+ujEdO4N3RuCqHK7U=;
I wondered:
> > "where will consumption demand come from in the
> future"?
Jim commented:
>
> maybe nowhere. The US could switch over to being
> export-led, though it
> would take a while to make the transition (along with a big
> depreciation of the dollar, perhaps losing its reserve
> status). Just
> speculating for "Black Friday."
A decline in consumpion would be a good thing for the environment given the amount of resources the US uses. But I'm not optimist that a decline of consumerist culture in the US would be politically easy to pull off.
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- Re: [Pen-l] John Judis in the New Republic on Obama's choice for the CEA, (continued)
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