stocks and GDP

[Carl Remick]

Re Jason's:  "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."

Which gets us back to William James and the need for a "moral equivalent
of war."  It has never seemed to me that the search for a "MEOW"
requires an exhaustive, agonizing hunt; it's right out in the open --
the pursuit of a fundamentally egalitarian society.

Carl Remick