Re: Why economists do not care about high rates of unemployment w

[Paul Davidson <PB108928%UTKVM1.BITNET@xxxxxxxxxxxxxxxxx>]

FROM:  Paul Davidson
"      Economics Department
"      523 Stokely Management Center  (615) 974-4221
But, Dear Barkeley, if you permit desireable equilibrium to be unstable, then
if the government "KEEPS PUSHING in order to keep them there", the government
can produce only violent imstability as each shove sets up forces that moves
the economy further away  -- perhaps causing high rates of inflation in one
dieection and stagnation in the other. Nonlinearities that refuse to behave
can give a good name to laissez-faire! At least we have stability rather than
continually {zm{w
h|(ãw.f0]SE+J,O1m[_/mtC|k_ot{w&@We[So_Qm1Wg$~C==,+
2
 
Have a good day!____Paul Davidson
))))_ fax # (615) 974-1686