Money

Doug Henwood dhenwood at panix.com
Sun Sep 2 07:30:46 PDT 2001


James Baird wrote:


>And as for Japan, I say if they want cash, give 'em
>cash! The problem with Keynesian solutions is that
>people don't really, truly believe in them. So in
>major depressions like Japan's or the U.S. in the
>30's, politicians always try half-assed measures, and
>the moment things start to get better, they do the
>"responsible" thing and balance the budget again,
>bringing everything crashing down.

And do you think they do that because they're stupid, or because maybe there's a class interest lurking behind?

Doug



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