redeploying server farms

[Patrick Bond]

> Date:          Tue, 10 Apr 2001 11:34:04 -0700
> From:          Brad DeLong <delong at econ.Berkeley.EDU>
> And I don't believe in "overcapacity" or "overinvestment". At a low 
> enough real interest rate (and with low enough expected future real 
> interest rates), every investment that you can think of as even 
> marginally physically productive can be worth doing.

And what about the universal tendency of overproduction to coincide 
with the rising power of financial sector interests, and hence with 
relatively high real interest rates?

Patrick Bond (pbond at wn.apc.org)
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