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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (2443)6/11/2003 9:04:50 PM
From: KyrosL  Read Replies (1) | Respond to of 4907
 
>>all the Keynesian radical spending of the past decade hasn't helped<<

The spending was simply not massive enough to generate inflation. What's wrong with spending really massively to generate inflation? That's Bernake's prescription. And you monetize the debt, so you get no increase in debt.



To: Wyätt Gwyön who wrote (2443)6/11/2003 10:21:55 PM
From: Wyätt Gwyön  Read Replies (1) | Respond to of 4907
 
the government's indebting itself to the tune of 5 or 6 times GDP

edit: about 140% of GDP. fiscal deficit running about 6%



To: Wyätt Gwyön who wrote (2443)6/12/2003 12:27:14 AM
From: NOW  Read Replies (1) | Respond to of 4907
 
nice response. thanks. but, it does not address what i said. taxing peoples savings, if it led to an exodus of cash from banks which have already surpassed international standards of "indecency" would potentially crush the banking industry, and hence is not a viable suggestion.


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