Ellen Frank wrote:
>Last night I was re-reading Friedman's book The Day of Reckoning.
>Every chapter starts with a quote from the Old Testament on the
>moral hazards of borrowing. He really does seem to be talking more
>about the international asset position of the US than about the public
>debt
Last night I was re-reading Friedman's book The Day of Reckoning.
Every chapter starts with a quote from the Old Testament on the
moral hazards of borrowing. He really does seem to be talking more
about the international asset position of the US than about the public
debt, but he never makes that
- Original Message -
From: "Michael Perelman" <[EMAIL PROTECTED]>
To: <[EMAIL PROTECTED]>
Sent: Monday, July 29, 2002 2:01 PM
Subject: [PEN-L:28805] Re: RE: Re: B. Friedman on Stiglitz
> He was describing debt in general. Yes, Summe
He was describing debt in general. Yes, Summers raved about patriotism.
On Mon, Jul 29, 2002 at 01:48:29PM -0700, Devine, James wrote:
> Summers was lashing out at B. Friedman because the latter was highlighting
> _government_ debt? is the infamous session where Summers went on and on
> about p
