--- Peter Kriesler <P.Kriesler@unsw.edu.au> wrote:
>
>
> In response to both Beth and Bill, I think that
> there is a role for
> government borrowing,
spending...
that is when there is some
> concern over the
> level of aggregate demand being too high. In other
> words, when the economy
> is near full employment, or when demand inflation
> of the balance of trade
> deficit
> are concerns, then governments may borrow
spend...
to reduce
> demand pressures. Of
> course, taxes on high incomes or elsewhere can
> probably do the same thing
> more efficiently, but that may be harder to sell
> politicly!
warren
>
>
>
> Peter Kriesler
> School of Economics
> UNSW
> Sydney 2052
> http://economics.web.unsw.edu.au/people/pkriesler/
>
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===http://www.mosler.org
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Received on Mon Feb 3 18:40:13 2003
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