you know....

Doug Henwood dhenwood at panix.com
Wed Mar 15 10:13:52 PST 2000


Dennis R Redmond wrote:


>Then I show the European Central Bank's figures on
>savings and investment, pointing out that the US underinvests in its
>economy compared to the EU and Japan

Dennis, you don't understand. U.S. investment levels are lower because Americans are smarter than those ponderous foreigners. We get more output and more profit out of every unit of capital, plus we're way ahead on all the stuff that really matters, like ideas and brands. When will you shed these materialist superstitions?

Doug



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