Good news for the Microsoft challenged! You can now read my essay (except for Sandy, who probably would not understand the math anyway) at:
http://www.hvgreens.org/challenge/KfactorPaper.pdf
BTW, the server the paper is hosted on is running OpenSuse Linux; the problem is, if you write in one format, some else is bound to use another.
Chuck Loucks
----- Original Message -----
From: "Chuck Loucks" <lbo at hvgreens.org> To: <lbo-talk at lbo-talk.org> Sent: Thursday, September 17, 2009 11:11 PM Subject: [lbo-talk] A challenge to the Dismal Science
> All,
>
> I would like to get some feedback on the essay at the link below
> (unfortunatly, you will need Microsoft Explorer to view this file)
>
> http://www.hvgreens.org/challenge/KfactorPaper.mht
>
> I am putting out a challenge to the Dismal Science to prove that the
> current way of calculating loan payments is optimal for the economy. My
> contention is that if loan re-payment schedules were set to increase with
> expected inflation, the economy would run at a faster clip; plus the
> current expected flat growth would actually turn positive. Of course, to
> accomplish this, every fixed loan contract in the country would need to be
> re-set, but this is not impossible.
>
> I also contend that if this new way of calculating loans was implemented,
> it would be much more easy to maintain full employment for longer
> stretches of time.
>
> Please tell me what you think! If anything, it should be interesting.
>
> Chuck Loucks
>
>
>
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