stocks and GDP

JayHecht at aol.com JayHecht at aol.com
Thu Jan 28 08:18:48 PST 1999


In a message dated 1/28/99 9:10:49 AM Central Standard Time, cremick at rlmnet.com writes:

<< I think professional

economists are the worst in this respect -- at the end of the day, even

the lefties among them seem mainly concerned with how much social

justice can we "afford." >>

Amen. But what happens when you get into a screaming match (hey Louis P, where are you???) with somebody at the water cooler who "reasons" that our overburdened debt capacity precludes us from "affording" social justice. Usually I refer them to how we financed WW II (we financed at 150% of GDP) and how that was a "reasonable" way to afford social justice.

Jason



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