Re: FW: pkt seminar on the economics of the crisis

["John O'Donnell" <jackodonnell@xxxxxxxx>]

Harry Veeder wrote:
<<SNIP>>

> There is a glut of productive capital in the most developed countries.
> Rather than increase "demand" to absorb this glut, (and continue
> to increase levels of stress with excessive work) let these gluts
> shrink by selling off the productive capital at reduced
> prices to countries lacking it.

The trick is to find the method that encourages price
reductions in the face of gluts such as the method described
as the monopoly tax in my _Three Steps to Economic Freedom_
and the model "Widgets in S-Basic" beginning at:
http://www.geocities.com/jackodonnell.geo/c00r4.html

<<SNIP>>

> If the key to our prosperity lies purely with Keynesian
> stimulation, I fear history will repeat itself. The signs and signals
> are everywhere that a new comprehensive, coherent, consistent theoretical
> macroeconomics is needed.

Precisely!

--
			-- jbod

		Tax Privilege, Not People
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