Re: investment and unemployment

[GGard97342@xxxxxx]

In a message dated 07/04/2000 00:30:10 GMT Daylight Time,
veed0001@xxxxxxxxxxxxxxxx writes:

> A smart trader who can handle deflation responds by making less
>  risky,
>  more conservative investments, not by demanding the government do
something
>  to restore inflation.

So he does, and that is why  the depression continued so long.

Was that not Keynes' point?

I make no apologies for regarding the first duty of a government to be to
prevent deflation.

Geoffrey Gardiner