Why not pay down the national debt?
John K. Taber
jktaber at dhc.net
Mon Feb 15 20:00:34 PST 1999
Max, I saw your petition, and I need education, from you
or anybody who cares to help me out. Why not
pay down the national debt? As I read your petition the
objection is that the public money would not be available
for infrastructure and social needs. OK. But I remember
reading in Galbraith's _Money_ someplace that according
to Keynes the debt contracted in stimulating a depressed
economy was supposed to be paid down once the economy
Why is that invalid?
Homines id quod volunt credunt.
More information about the lbo-talk