Re: Long and Short of it

[Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxx>]

On Sun, 30 Oct 1994 12:49:39 -0700 <PHILLPS@xxxxxxxxxxxxxxxx> said:
>Ric,
>  You say "we should not sacrifice the long run for the short".  Does
>that imply we should sacrifice the short for the long run -- sounds
>a great deal like "short term pain for long run gain" to me.  We
>certainly have had the short term pain here, but because of it we
>have not had the structural change that would produce long term gain.
>Paul Phillips

Doesn't part of the problem concern WHO gains & WHO loses in the
short & long terms?  The Reaganoids, Thatcherits, and the IMF
push programs that benefit the elite in the short-term, hurt the
majority in the short-term, and promise benefits for everyone
in the long-term.  Of course many are dead by the time the
long run comes, due to cutbacks in medical care & the like...
Or does the long run ever come? (BTW, the application of
Reaganism in the already-rich countries involves many fewer
deaths than in the third world.)

sincerely,

Jim Devine
jndf@xxxxxxxxxxxxxx or jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950