RE: Re: Schweickart and zero real interest rates

2001-07-01 Thread Mark Jones
Chris Burford wrote: > > I shall take silence as consent. Oh, come on Chris. There are *laws* against that kind of reasoning. Mark

Re: Schweickart and zero real interest rates

2001-07-01 Thread Chris Burford
At 30/06/01 07:15 +0100, I wrote: >I would appreciate criticism on whether the connection I make is >reasonable, and whether Schweickart in his gentle exposition is doing >violence to a) the facts b) marxist political economy. > >Otherwise I suggest the list takes the implications of this argume

Schweickart and zero real interest rates

2001-06-29 Thread Chris Burford
Schweickart does not specifically discuss situations, arguably like the present, when the average interest rate minus inflation in the US is virtually zero. However he does discuss the "purpose" and significance of having an interest rate at all, and the effect of the differential between thos