At 08:38 AM 09/22/2002 -0700, you wrote: >How effective can military keynesian be now?
Not very...at any rate, the market doesn't seem to think it would be very effective; have you noticed how it swoons everyt ime we come one step closer to war? > The US economy is very open, >so much of the demand leaks out. Unlike the world of WW II, the US is not >using goods that are produced using technology comparable to durable >consumer goods. Instead, it depends more on very high tech, with >relatively little labor demand; suggesting that it will shift wealth more >toward the rich, lowering the boost to aggregate demand. > -- Yup. Joanna >Michael Perelman >Economics Department >California State University >Chico, CA 95929 > >Tel. 530-898-5321 >E-Mail [EMAIL PROTECTED]
