Treacy: Robert Eisner's position that the balanced budget amendment
should be melded with a prayer in schools amendment is one that I would
support. We have such whacked out notions of debt floating around.
All forms of debt in the private sector should be banned as well.
This would force
It is silly to compare the investment an idividual with a finite life
makes to the investment an economy with an infinite life makes. Assuming
that debt goes to investments which yield a positive rate of return, a
growing economy can and should carry a larger and larger debt burden. The
At 4:26 PM 1/27/95, Eugene Coyle wrote:
One last remark. We keep reading about the high level of
capacity utilization, how 85% is histyorically high, and cannot be
sustained. But if you look back at the end of the '60s, you'll see that
capacity utilization rates were above 90% for
Request from Jamaica: [EMAIL PROTECTED] wants to reach Kim Pratt at
Fanshawe College, Canada. Any help will be gratefully received.
Louis Lefeber [EMAIL PROTECTED]
Department of Economics Office: (416) 736-5083
York University, Toronto.
Though I am essentially a lurker, I read the posts with interest and,
true to the cliche, learn something new every day. I don't think I'm
stretching to say the list's consensus seems to be against the BalBudAmn
(BBA). I am perfectly willing, indeed inclined, to believe that the BBA is
