redeploying server farms
Brad DeLong
delong at econ.Berkeley.EDU
Tue Apr 10 11:34:49 PDT 2001
>Partial overproduction,yes, that a bourgeois economist easily understands; a
>crisis of general overproduction--well that really shouldn't happen as long as
>you tweak the money supply (or if you are Austrian didn't tweak with it too
>much in the boom) and play with fiscal policy here and there. Brad believes in
>capitalism under the guidance of wise men like him. Today. Tomorrow. And
>Forever. It will take a general crisis to pound some dialectics into his head.
>
>Yours, Rakesh
We Keynesians do *not* believe in crises of general overproduction.
We believe in crises of deficient demand...
Brad DeLong
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