2012 Biotech Charity Contest Message Board

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Biotech / Medical : 2012 Biotech Charity Contest

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To: Robohogs who wrote (297)	6/26/2012 4:47:06 PM
From: IRWIN JAMES FRANKEL	Read Replies (3) of 513

>> I got an A, taking the course from Jeffrey Sachs ... I knew you were good. :-) (The head of the economics department asked me to sit for an exam that rated the Economics department compared to other Universities. I took econ too.) How could this possibly happen? You're smart and have taken economics and don't agree with Chris. Nor do I. Impossible. How could any intelligent, thinking person, educated in economics disagree with Chris? ;-) ij PS - I am close to Robo but we do not agree on everything. Higher interest rates would be a big mistake IMO. Rates are still too high. Sure higher rates would give income to the savers but at the expense of the spenders at the very time where we need more aggregate demand AND bank intermediation is under performing. Bad idea. -- Lower taxes are generally better. But deficits of 9% of GDP are not sustainable, must and will be cut in some fashion. All spending by government should be considered for the cost/benefits conferred. I am strongly in favor of education - but the limiting factor is NOT the amount of money we spend on it. The limitation is the energy and focus which the student will apply to his/her education.

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