[PEN-L:3968] Re: Balanced Budget Amendment

1995-01-28 Thread jtreacy
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

[PEN-L:3969] Re: Balanced Budget Amendment

1995-01-28 Thread Julie Coronado
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

[PEN-L:3970] Re: inflation

1995-01-28 Thread Doug Henwood
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

[PEN-L:3971]

1995-01-28 Thread lefeber
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.

[PEN-L:3972] BalBudg--Pls Expand.

1995-01-28 Thread Shem the Penman
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