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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: zonder who wrote (31341)6/3/2005 10:26:31 AM
From: PAST  Read Replies (1) of 116555
 
Zonder - Not QED.

Your proof for the following quote: >>Friedman's statement I called demonstrably false is: "Deficits are the only thing that keeps this Congress from spending more".<< has the flaw of narrowness of vision. Friedman's use of the word, "more", has no reference to the past. Your logic only considers a comparison to what was spent in the past, but Friedman made no such reference.

While no doubt exists that Congress has spent more than it did in the past, that does not refute the possibility that Congress COULD have spent MORE than it has at this point, but did not for some reason. Possibly, that reason is because of existing deficits? Your logic has not denied that possibility.

eom
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