I found the Roach article quite interesting. I suspect that the dialectic is at work even today. The US is trying to overcome a number of contradictions -- Jim D. likes to talk about the 3 bears.
The Clinton good fortune -- low interest rates and low oil prices -- maynot be there for W. Roach mentions another problem -- the current account deficit. I am still confused between Ellen Frank's (optimistic) and Jane d'Arista's (pessimistic) approaches. What is really wierd is that no leaders around the world seem ready to challenge Bush -- even rhetorically. I wish that we did more thnking about the contradictions facing the US economy today. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]
