Max, you joyous Keynesians always focus on U.S. Treasury debt in the hands of the public - I just heard it from Jamie Galbraith too. But what about that giant wad in the hands of the Social Security system? That represents a massive obligation that they're going to have to make good on, either by taxing, borrowing, or cutting benefits. Why ignore that?
Doug _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
