Re: [Pen-l] Vulnerable logic in Dean Baker's argument?

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] Vulnerable logic in Dean Baker's argument?
From: Doug Henwood <dhenwood@xxxxxxxxx>
Date: Mon, 18 May 2009 15:32:48 -0400


On May 18, 2009, at 3:26 PM, Jim Devine wrote:

The good news is that debt service is down because of the Fed's side
of the stimulus program, no? The debt/GDP ratio was over 100% in 1945,
but low rates (because of a Treasury/Fed deal) kept it manageable.


Sure, but that's not going to last forever.
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References:
- [Pen-l] Vulnerable logic in Dean Baker's argument?
  - From: Bill Lear
- Re: [Pen-l] Vulnerable logic in Dean Baker's argument?
  - From: Doug Henwood
- Re: [Pen-l] Vulnerable logic in Dean Baker's argument?
  - From: raghu
- RE: [Pen-l] Vulnerable logic in Dean Baker's argument?
  - From: Max B. Sawicky
- Re: [Pen-l] Vulnerable logic in Dean Baker's argument?
  - From: Doug Henwood
- RE: [Pen-l] Vulnerable logic in Dean Baker's argument?
  - From: Max B. Sawicky
- Re: [Pen-l] Vulnerable logic in Dean Baker's argument?
  - From: Doug Henwood
- Re: [Pen-l] Vulnerable logic in Dean Baker's argument?
  - From: Jim Devine

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