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Re: Notre Dame



    Why should orthodox economists, who follow Samuelson,
    Greenspan, Friedman, and others, tolerate the heterodox
    axiomatophiles, quants, marxists, and certain amateur acti-
    vists, with a welcome mat at PKT,  when the same PKT
    and its diverse membership often won't tolerate me?

    Is there that much of an intellectual gulf between
        (a) my embracing a focus on price effects of deficts,
             debt, taxes and spending, to bring about desired
             economic results, structures, beliefs, etc.,    and
             the PKT archive views on the nature and pur-
             pose of money,
                                        and, say,
        (b) the Greenspan view of interest rates, reserve
             requirements and the value of the dollar in foreign
             exchange,   and Paul Davidson's view of the same?

    The nature of those with the power to black-ball opposite
    thinking appears to be universal -- they do it if they can.

    John Gelles




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