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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (60217)	2/11/2002 12:13:24 PM
From: mitch-c	Read Replies (1) \| Respond to of 70976

That's my point in the Capabilities/Intentions discussion. Intentions can turn overnight. The diffused economic effect of a single decision is also a subject most economists have noted. Regarding monetary policy, I believe it's measured as "volatility of money" - the total economic effect of a dollar as it changes hands during a time period. In a snide, fluid dynamics metaphor, I'd define taxes as "viscosity of money" - friction that retards the flow. <g> - Mitch