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BLS DAILY REPORT, FRIDAY, OCTOBER 2, 1998
RELEASED TODAY:
EMPLOYMENT SITUATION -- Payroll employment rose slightly,
The Crash of '99?
The U.S. economy suddenly looks weaker than almost anyone expected. The
conventional
wisdom still says we won't be pulled down by global economic woes. Don't bet
on it.
By Robert J. Samuelson
World economy: Toppling dominoes?
There are two ways to interpret the slide of
I wrote: When the crisis actually comes -- which becomes more
likely as imbalances worsen -- the accumulated debt encourages bankruptcies
and waves of bankruptcies and represents a barrier to continued
accumulation. (A barrier, I might add, that is eventually purged by the
recession and
Since they say that academics should not make value judgments, that is one
of the main reasons I never went into academia. Two books have just come to
my attention that I will now make value judgments on. One is a work of an
evil man; the other is a book by somebody fighting evil within academia.
Tom,
Of course you may be right. Predicting the stock
market in the short run is a mug's game, as Jim D. said in
another context recently.
But, I would suggest that if this big meeting does not
come up with something fairly convincing, the likelihood of
a major crash this month
We know about William Jefferson Clinton. What about Thomas Jefferson, who
OWNED several of his own children born to his slaves? (Gore Vidal, The
American Presidency).
Paul
*
Paul Zarembka, on OS/2 and supporting
Barkley Rosser wrote,
Tom,
Of course you may be right. Predicting the stock
market in the short run is a mug's game, as Jim D. said in
another context recently.
But, I would suggest that if this big meeting does not
come up with something fairly convincing, the likelihood of
a
Rosser Jr, John Barkley wrote [quoting Lynn Turgeon]:
The early years
represented considerable continuity with the Bruning policy, particularly the
Fritz Todt plans for motorization and the famous autobahns, one of the
positive
legacies of Hitler.
Generally speaking,
Hitler was the more
While Currie and Eccles managed to achieve the Keynesian euthanasia of the
rentier in the late 30s, Roosevelt was overall a timid Keynesian until
World War II and was plagued with double-digit unemployment until 1941.
say what? the rentiers never went away; they never died as a class. Is this
It is absolutely insane: For the past few months, the world has
been hurtling ever and ever faster toward what, on Wednesday Oct. 7, could
well turn out to be the most cataclysmic and fatal event of world history.
Perhaps even the end of history. Yet the national media froths only over
the
I would agree that Marx sees the problem as more
fundamental than merely a "money/credit" problem. But it
is not clear that he thinks they could happen in the
absence of a money economy and he certainly sees money as
playing a central role. Thus in discussing crisis in
_Capital, Vol.
--- Begin Forwarded Message ---
Date: Sun, 04 Oct 1998 09:38:44 -0400 (EDT)
From: "LYNN TURGEON, PROFESSOR EMERITUS OF ECONOMICS,
HOFSTRA UNIVERSITY, [EMAIL PROTECTED]"
[EMAIL PROTECTED]
Subject: Another Nazi Myth Bites the Dust
Sender: [EMAIL PROTECTED]
To: POST-KEYNESIAN THOUGHT [EMAIL
Maybe I'm just old-fashioned, but you should really scrutinze any text that
uses the words "positive" and "successful" around Hitler. As Kalecki
argued, fascism can tolerate full employment because of the vicious
repression of labor. I hope Lynn wouldn't condone that part of the model,
and
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