PKT
mailing list archive

Other Periods  | Other mailing lists  | Search  ]

Date:  [ Previous  | Next  ]      Thread:  [ Previous  | Next  ]      Index:  [ Author  | Date  | Thread  ]

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



Other Periods  | Other mailing lists  | Search  ]