"Michael Meeropol" <[email protected]> wrote: 

> Lawrence Kotlikoff did write back. He touted the fact that Kenneth Arrow 
> signed his petition -- then argued that he really couldn't understand the 
> Galbraith, Wray, Mosler argument --- "if people believe there are no budget 
> constraints then I don't know where to begin..." 

> With that assertion he dismissed the critics. 

> So it goes .... 

I know that corporate accounting isn't very precise, but why doesn't anyone 
want to show that level of reporting for Federal, State, and local governments? 

-- 
Ron 

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