Repression of demand

James Devine jdevine at popmail.lmu.edu
Wed Sep 2 14:06:40 PDT 1998


Doug writes: > Note his [Summers'] description of the Clinton economic strategy - exports, investment, exports, and fiscal discipline, which implies a so-far nonexistent repression of domestic demand and the encouragement of capacity expansion, which is not the way to fight deflation.<

what is the right way to fight deflation? wouldn't US "repression of demand" (slowdown or recession) have the potential of making world deflation worse?

Jim Devine jdevine at popmail.lmu.edu & http://clawww.lmu.edu/Departments/ECON/jdevine.html



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