Sept. Seminar: The call for consumption spending

["John Gelles" <johng@xxxxxxxxxx>]

        Below are remarks previously addressed to Randy
        that complain to him of his professions failure to
        make explicit in the crisis we are in that private
        spending is not the right solution to our critical need
        for public spending on our response to crisis. This
        spending must be for a huge backlog of public needs
        as well as for foreign national development aimed
        to support peace and democracy abroad.

        Dear Randy

                                ...     you must admit that this
        nation needs to spend money now if it is to make
        life better for more people than an ordinary profit-
        driven investment economy has ever done.

        I do not hear often enough from you and your
        schools' a clear call to our nation and the world to
        fill in with calculated money (or money substitutes
        such as stamps) the supplement to wages necessary
        to provide profit for commercial investment.

        Moreover, even if we did support commerce with
        rationally computed demand, we would still be
        missing the modern system required to buy all the
        public needs, from infrastructure to a green world,
        that can be paid for by balancing "consumer goods
        and services extra output" to spending, instead of
        balancing spending to taxes.

        Lerner explained the fact that hyperinflation is a
        signal to produce more or consume less -- and the
        fact that taxes are wholly unnecessary if affordable
        price persists.

            John Gelles