Adios to the T-Bill?

Doug Henwood dhenwood at panix.com
Fri Apr 6 09:31:37 PDT 2001


Rakesh Narpat Bhandari wrote:


>http://www.research.fsu.edu/ResearchR/2000/features/canterbery.html
>
>Here's an excerpt from an interview with E Ray Canterbery author
>Wall Street Street Capitalism: A Theory of the Bondholding Class(its
>major theoretical contribution is definition of what ERC calls the
>angel's share of natl income, discussed in the interview). It seems
>to be from mid last year. Canterbery argues that mounting surpluses
>shouldn't undermine the power of the bondholding class the ascent of
>which he takes to be the key political economic fact of our time.
>
>I am skeptical of his provocative argument however.

What are you skeptical about?

Doug



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