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Re: [Pen-l] Vulnerable logic in Dean Baker's argument?
On Monday, May 18, 2009 at 21:49:39 (-0400) Doug Henwood writes:
>
>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.
As Clinton said, the problem is the "fucking bond traders".
Bill
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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
RE: [Pen-l] Vulnerable logic in Dean Baker's argument?,
Max B. Sawicky Mon 18 May 2009, 16:44 GMT
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