I wrote:
> >The way in which US individual, external,and (to a lesser extent)
> corporate indebtedness were increasing -- the Three Bears attacking the
> Goldilocks economy -- suggests that the boom was unsustainable. (Godley &
> Izureta's (sp?) view is similar.) That in turn suggests that Alan
Thanks to Jim for correcting many errors of mine. Some further points
are below.
On Sat, 08 Sep 2001 11:50:39 -0700, Jim Devine wrote:
>The way in which US individual, external,and (to a lesser extent) >corporate
>indebtedness were increasing -- the Three Bears attacking the >Goldilocks economy
At 12:47 PM 09/08/2001 -0500, you wrote:
>Uncle Miltie is wedded to the fallacy that stable prices are a panacea
>for other problems. Instead, shouldn't the goal of a true monetarist be
>stable price changes? That is, whether inflation is 0% or 5% or 100%
>per year, the exact percentage is unimpor
Uncle Miltie is wedded to the fallacy that stable prices are a panacea
for other problems. Instead, shouldn't the goal of a true monetarist be
stable price changes? That is, whether inflation is 0% or 5% or 100%
per year, the exact percentage is unimportant, so long as the same rate
applies every
< http://www.ireland.com/newspaper/finance/2001/0905/fin18.htm >
Wednesday, September 5, 2001
US economist expounds
on great euro mistake
ON WALL STREET/Conor O'Clery
The launch of the euro coinage last week brought yet another warning
from Prof Milton Friedman that the whole thing is a great mi
