On Wed, Oct 1, 2008 at 1:10 PM, Eugene Coyle <[EMAIL PROTECTED]> wrote: > There are two problems. For both long and short runs he seeks ways to boost > demand, Right there he embraces the treadmill to nowhere that we have to > get off. > > We have to break with the deeply held belief that growth is somehow going to > save us, that growth will benefit us. Without breaking with that belief we > will commit to endless, as in without end, attempts at fiscal and monetary > stimulus and then fight over the margins.
Unfortunately not even the most progressive of mainstream economists - not Krugman, not Galbraith, not Baker - is willing to go that far. GDP growth at all costs is still the holy grail and I suspect they will lose most of their audience if they deviate from that message. -raghu. -- Puritanism: The haunting fear that someone, somewhere may be happy. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
