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Re: [Pen-l] Vulnerable logic in Dean Baker's argument?
On May 18, 2009, at 9:43 PM, Max B. Sawicky wrote:
Deficits are a fall-back.
No. Except as a countercyclical stimulus, they're an evasion. And as
Jim O'Connor once said, public debt increases capital's power over the
state. When it gets big enough, rolling it over becomes a serious
problem.
Doug
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- Thread context:
- Re: [Pen-l] Vulnerable logic in Dean Baker's argument?, (continued)
Re: [Pen-l] Vulnerable logic in Dean Baker's argument?,
raghu Mon 18 May 2009, 17:26 GMT
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