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Campaign Contributions or Living Standards
- To: "Post Keynesian Thought" <pkt@xxxxxxxxxxxxxxxx>
- Subject: Campaign Contributions or Living Standards
- From: "John Gelles" <johng@xxxxxxxxxx>
- Date: Thu, 29 Nov 2001 07:00:36 -0800
A wise commentator this week said the President
in pushing for corporate tax refunds and relief is
not interested in an economic stimulus to reduce
under- and unemployment (so as to raise the
minimum and median standard of living). Rather
he wants to stimulate corporate support for his
next election campaign.
This highlights, for me, the real problem we have
in economics: political elections. Unless the
people, forced by our neglect and stupidity to live
below a proper minimum standard of comfort,
come out to vote in their own interest, the system
will not fairly serve them.
You say, you knew that. OK. But what are
you going to do about it.? Sure fiat money that
might end government borrowing and bring on
government lending can end the current recession.
But NOTHING will happen to reward those
Americans whom the system treats unfairly until
they vote for change.
John Gelles
- Thread context:
- The HetEcon Workshop,
Lee, Frederic Thu 29 Nov 2001, 21:28 GMT
- DeLong's Apology,
Henry C.K. Liu Thu 29 Nov 2001, 17:30 GMT
- AFL-CIO breakfast in Atlanta,
Lee, Frederic Thu 29 Nov 2001, 15:53 GMT
- Campaign Contributions or Living Standards,
John Gelles Thu 29 Nov 2001, 15:00 GMT
- Deficit - so what?,
Sven R Larson Thu 29 Nov 2001, 14:02 GMT
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