Repression of demand

Doug Henwood dhenwood at panix.com
Wed Sep 2 12:41:54 PDT 1998


Seth Ackerman wrote:


>Doug Henwood wrote:
>
><<Note his description of the Clinton economic
>strategy - exports, investment, exports, and fiscal discipline, which
>implies a so-far nonexistent repression of domestic demand>>
>
>Don't we have a budget surplus and historically high real interest
>rates?

Yes, but they sure ain't repressed domestic demand.

Doug



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