Re: Article in the Chronicle of Higher Education

[pdavidso <pdavidso@xxxxxxx>]

>===== Original Message From Warren Mosler <mosler@xxxxxxxxxxxxxx> =====
>'Full Employment AND Price Stability'
>explains unemployment as the evidence that
>govt. isn't spending enough to satisfy the
>desire to pay taxes and the desire to
>net save financial assets.
>
>How may axioms is that, etc???
>

Yes, Warren but you must explain why people want to accumulate paper
(electronic)financial assets rather than real duables (assets) with their
savings.

paul

Paul Davidson
Editor, Journal of Post Keynesian Economics
University of Tennessee
SMC 503
Knoxville, Tennessee 37996-0550
phone # (561)369-1951; fax #(561)369-1951;
email pdavidson@xxxxxxx
http://econ.bus.utk.edu/davidsonextra/Davidson.html