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33391 Adios to the T-Bill? -- rank: 1000

Rakesh Narpat Bhandari wrote: >Doesn't structural endogeneity have its roots in a 1970s paper by >Albert Wojl..., saw his name pop up in the press recently You thinking of Wojnilower's paper on credit crunches? >Still this just doesn't square with the power which post keynesians >seem attribute to the Fed over macro-economy--still seems to me that >they are caught in some kind of money fetishism, no? That's for sure; they're not big on relations between money and the real world. F ...

Document Size:	5065
Author:	Doug Henwood
Date:	Fri Apr 6 12:58:41 PDT 2001

33392 European Unions -- rank: 1000

Yoshie Furuhashi wrote: >>Yoshie seems >>astonished that I used the term "jargon," because, in her world, many of the >>things she writes or quotes from are perfectly understood. > >Could you tell me what counts as "jargon" in the Trotsky quote? The loaded word "Trotsky," of course. Doug

Document Size:	4690
Author:	Doug Henwood
Date:	Fri Apr 6 11:42:34 PDT 2001

33393 Adios to the T-Bill? -- rank: 1000

Rakesh Narpat Bhandari wrote: >In particular, I am confused as to how post keynesian theorists >insist on both the endogeneity of the money supply (that is, the Fed >is obliged to supply the quantity of money that is demanded by >economic agents) while elevating the Fed to the key, autonomous >institution in the determination of the performance of the >macroeconomy. There's more than one kind of endogenist. Quoting myself from Wall Street: >Robert Pollin (1991; 1993) usefull ...

Document Size:	6880
Author:	Doug Henwood
Date:	Fri Apr 6 11:41:09 PDT 2001

33394 what the pigs are up to -- rank: 1000

<http://trac.syr.edu>

Document Size:	4464
Author:	Doug Henwood
Date:	Fri Apr 6 11:28:54 PDT 2001

33395 European Unions -- rank: 1000

Dennis wrote: >I wasn't referring to your grad school, Doug. I was commenting on those here >who, behind academy gates, plan the next step in workers' control of >production -- preferably without consulting the workers themselves. Call me >a boxhead, but some of the jargon on this list is beyond comprehension. Just >who do these "radicals" think they're reaching? I don't think workers are as dumb as people make them out to be. Nor did I think either Yoshie or Trotsky wer ...

Document Size:	5805
Author:	Doug Henwood
Date:	Fri Apr 6 11:02:55 PDT 2001

33396 European Unions -- rank: 1000

Yoshie Furuhashi wrote: >Do you guys actually disagree with Trotsky, tough, empirically or >theoretically? It seems to me indisputable that American workers >have gotten less than their counterparts in Europe, not because the >former have been less militant than the latter, but because the >former lacked "a spirit of generalization, or analysis, of his class >position in society as a whole" (e.g., racism blocking class >consciousness of white workers). Decentrali ...

Document Size:	5447
Author:	Doug Henwood
Date:	Fri Apr 6 10:54:15 PDT 2001

33397 European Unions -- rank: 1000

Dennis wrote: > > The American workers are very combative -- as we have seen during the >> strikes. They have had the most rebellious strikes in the world. >> What the American worker misses is a spirit of generalization, or >> analysis, of his class position in society as a whole. > >> Yoshie > >And who, pray tell, will provide this much-needed "analysis" to the ignorant >workers of the US? Yes, you guessed it. Academia will lead the way ...

Document Size:	5472
Author:	Doug Henwood
Date:	Fri Apr 6 10:14:03 PDT 2001

33398 Global Warming -- rank: 1000

James Heartfield wrote: > >Car-hating is a progressive political emotion. > >No car-hating is a reactionary emotion. It is a sublimated form of anti- >working class prejudice. So what were all those American planners who looked to suburbanization and homeownership as fostering individualistic attitudes while breaking up dangerous concentrations of workers, agitators, and bohemians were wrong? Car-centered life really strengthens the working class? Doug

Document Size:	4802
Author:	Doug Henwood
Date:	Fri Apr 6 10:08:24 PDT 2001

33399 Adios to the T-Bill? -- rank: 1000

Rakesh Narpat Bhandari wrote: >http://www.research.fsu.edu/ResearchR/2000/features/canterbery.html > >Here's an excerpt from an interview with E Ray Canterbery author >Wall Street Street Capitalism: A Theory of the Bondholding Class(its >major theoretical contribution is definition of what ERC calls the >angel's share of natl income, discussed in the interview). It seems >to be from mid last year. Canterbery argues that mounting surpluses >shouldn't undermine the power of ...

Document Size:	5261
Author:	Doug Henwood
Date:	Fri Apr 6 09:31:37 PDT 2001

33400 planning McVeigh's demise -- rank: 1000

<http://www.latimes.com/news/nation/updates2/lat_execute010404.htm> A Meticulous End Planned for McVeigh Crime: The federal government has every detail covered--including thwarting a rescue attempt. By RICHARD A. SERRANO, Times Staff Writer Timothy J. McVeigh is to be executed in this chair in Terre Haute, Ind. WASHINGTON--Federal prison officials have planned next month's execution of Timothy J. McVeigh, their first in nearly four decades, with minute-by-minute precision, down to the time ...

Document Size:	5941
Author:	Doug Henwood
Date:	Fri Apr 6 09:25:03 PDT 2001

33401 Green wage cut -- rank: 1000

James Heartfield wrote: >In point of fact, they very rarely have a direct effect on consumption >but serve the ideological purpose of persuading people to take personal >responsibility for capitalism (not nature)'s limits. Once softened up, >all are prepared for cuts in wages. I'd love to know what evidence you have for this. In the U.S., which saw the sharpest fall in real wages of any First World country from 1973-1995, people have been "persuaded" to accept them out of e ...

Document Size:	5264
Author:	Doug Henwood
Date:	Fri Apr 6 09:20:00 PDT 2001

33402 Adios to the T-Bill? -- rank: 1000

Ian Murray wrote: >But because the projected surpluses are large and have a momentum of their >own, it could happen a lot faster than many think. Or it may not happen at all. The U.S. has never run substantial surpluses for more than a few years in a row, and in the five or so times it did, recession or depression followed. As far as I know, no other First World country has ever run a substantial string of surpluses over the last 40-50 years, and maybe more. Doug

Document Size:	4849
Author:	Doug Henwood
Date:	Fri Apr 6 09:14:40 PDT 2001

33403 Pacifica board member union-busting lawyer -- rank: 1000

From: "Carol Spooner" <wildrose at pon.net> Subject: Re: EB&G vs.1199 NJ Connection: Home Care Workers Rally Date: Tue, 3 Apr 2001 19:41:06 -0700 Looks like their "labor law" section and their "health law" section (where Murdock works) work hand in hand together. --Carol Spooner ----- Original Message ----- From: CFNJ-Communications To: FREEPACIFICA ; Lyn Gerry ; Carol Spooner Cc: Bella August Sent: Tuesday, April 03, 2001 7:09 PM Subject: EB&G vs.1199 ...

Document Size:	6368
Author:	Doug Henwood
Date:	Fri Apr 6 09:06:15 PDT 2001

33404 Fwd: Unix_NTP_Advisory -- rank: 1000

[all you Unix-heads probably know this already, but just in case...] Date: Thu, 5 Apr 2001 18:24:21 -0400 (EDT) From: elr at panix.com (MOTD [Panix]) (The following article has been automatically mirrored from MOTD) (Posted by Ed Ravin [staff]) Thu, Apr 05 2001 -- 5:57 PM --------------------------------------------------------------------------- All Linux, FreeBSD, NetBSD, and any other users who administer Unix machines at their home or in their workplace please take note: T ...

Document Size:	6437
Author:	Doug Henwood
Date:	Thu Apr 5 15:48:55 PDT 2001

33405 The tendency of earnings estimates to fall -- rank: 1000

Charles Brown wrote: >so if productivity goes up because of introduction of new technology >raising the technical composition of capital, to the extent that >rise in technical composition is reflected in a rising of the value >composition ( i.e. the ratio of c to v ), the rate of profit will >fall So why did it rise from 1982 to 1996? And why hasn't it fallen in the EU? Am I just not tweaking the numbers properly to achieve the theoretically desired result? Doug

Document Size:	5074
Author:	Doug Henwood
Date:	Thu Apr 5 15:40:33 PDT 2001