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Re: Keynes on "sinking funds"
Jim Devine wrote:
>
>But does it make sense for SS to have a sinking fund (lock box)? It's
>interesting to see what the founder of PK's putative school of economics says.
>
In a word, no. The only way the government can "save" is by
paying off debt held by the public. Of course you can call that
a "sinking fund" or "lock box" if you don't mind stretching the
meaning of the term.
William F Hummel
- Thread context:
- Re: Keynes on "sinking funds" and Economic Policy Inst. and, (continued)
- the 'patacon',
Forstater, Mathew Thu 06 Sep 2001, 21:49 GMT
- chairs of the Federal Reserve,
Ric Holt Thu 06 Sep 2001, 17:53 GMT
- Keynes on "sinking funds",
Jim Devine Thu 06 Sep 2001, 16:24 GMT
- AHE Advanced Training Workshop,
Lee, Frederic Wed 05 Sep 2001, 17:54 GMT
- Re: Dollarization -- Moore's argument,
LP Rochon Wed 05 Sep 2001, 12:54 GMT
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