FWD We are not all keynesians

Max Sawicky sawicky at epinet.org
Thu Jan 21 06:44:52 PST 1999



> Max, you should have thought of us too!

I did but didn't think anyone here not on PKT would find it as amusing as me.


> If they do this - pay down big gobs of debt for decades on end - and it
> doesn't cause something like a depression, then Keynes's reputation should
> be marked down toward that of his hero, Major Douglas.

Strictly speaking, I would think that what matters most is the relation of borrowing/saving to the business cycle, not a change in the long- run trend of borrowing. Though others are better situated to react to this.

mbs



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