Max & Doug & the budget

William S. Lear rael at
Thu Feb 11 10:31:18 PST 1999

On Thu, February 11, 1999 at 10:00:28 (-0500) Doug Henwood writes:
>Max, since you actually understand Clinton's plan, could you speculate on
>why it's so damn complex? What's the fundamental point of political economy
>that the three-card-monte-ish scheme is meant to disguise? And, how does
>this proposed paydown differ from the post-WW II paydown, which coincided
>with a great boom?

Didn't we step out of the war flush with cash hoards? But, that's not terribly Keynesian to point out, is is?


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