But isn't it the point that government debt doesn't have to be resolved in real terms? By alternating between periods of war-time prosperity and "peace-time" austerity, the state conceals the "source" of the "national difficulties". From the perspective of Dilke's analysis, the term "military Keynesianism" is an anachronism because the practice pre-dated Keynes by centuries.
On 4/14/08, John Vertegaal <[EMAIL PROTECTED]> wrote: > There is no other way of resolving governmental debt in real terms. -- Sandwichman _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
