Re: fiscal deficit

[Bill Mitchell <ecwfm@xxxxxxxxxxxxxxxxxxxxxxx>]

Dear PKT

Per becomes personal again and ceases to be productive.  He knows
well that there is a lot of published literature now on our views about these
issues.

I have finished with this thread.

> Fine, those are your opinions. It would be nice if you also had some
> arguments to support them. I have been all ears for years but I still hear
> nothing. So to tell you the truth, my patience is wearing thin and I'm
> beginning to think the worst of thoughts - that perhaps these people have no
> arguments?
>
> Be that as it may - for what I think may not be very important. After all,
> it is central banks and governments that will need to make the change in
> practice. So instead of blowing more hot air on me, why don't you write up
> your proposal and bring it to the Fed or the ECB? I'm sure they will give
> your ideas a fair hearing and review.


best wishes
bill

------

William F. Mitchell
Professor of Economics and Head of Department
Director, Centre of Full Employment and Equity
University of Newcastle
New South Wales, Australia
E-mail: ecwfm@xxxxxxxxxxxxxxxxxxxxxxx
Phone: +61-2 4921 5065
Fax:   +61-2 4921 6919
Mobile: 0419 422 410

WWW Home Page: http://econ-www.newcastle.edu.au/economics/bill/billeco.html