Brad, Oskar, Noam

michael at michael at
Fri Mar 19 14:32:44 PST 1999

What Brad wrote below echoes the old Vietnam approach of burning the village in order to save it.

Brad wrote about his experience with Robert Rubin:

> And I recall a Clinton-administration National Economic Council meeting (at
> which I stood against the back wall with the other aides)--perhaps in June
> 1993?--and heard Bob Rubin state that aggressive pursuit of deficit
> reduction was our best chance to get a prolonged investment-led
> job-creating high-productivity-growth recovery, and that without such a
> prolonged economic expansion the chances of defending and expanding the New
> Deal and the Great Society were zero...

-- Michael Perelman Economics Department California State University Chico, CA 95929

Tel. 530-898-5321 E-Mail michael at

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