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40351 A Liquidity Trap is . . .? -- rank: 1000

>I get the impression I joined the list just after there was a discussion >on this topic. Is there a URL someone can send me to so I can find out >what it means? Or email on the subject someone can send me off-line? >Thanks a bunch. A liquidity trap is when lowering interest rates fails to stimulate the economy. Japan is in one. To a hardcore (post-)Keynesian, the reason is fear - no one with money wants to part with it, regardless how low the return on cash-equivalents is. Paul Kr ...

Document Size:	10026
Author:	Doug Henwood
Date:	Wed Sep 30 11:29:47 PDT 1998

40352 Fed -- rank: 1000

James Devine wrote: >supposedly (according to some mouth on NPR news this a.m.), the cut in >rates is supposed to help raise the Yen and also prevent China from >devaluing. How does this work in theory? It seems unlikely in practice. I >can see the first part, but doesn't a higher Yen hurt Japan's exports, >which seems the wrong thing to do at this point? The U.S. wants to squeeze Japanese exports and force them to shift from emphasizing exports to domestic demand. Deregulate, cut ...

Document Size:	4821
Author:	Doug Henwood
Date:	Wed Sep 30 09:51:37 PDT 1998

40353 It Ain't Easy Bein Green -- rank: 1000

bautiste at uswest.net wrote: >Bob Anderson, the Green candidate for Congress, >actually said the minimum wage should be about $15 right now. Since the average wage in the U.S. is now about $12.80, and the wage at the 70th percentile is about $15.30, this would be quite a stretch. Is this a revolutionary demand, or just dreaming? Doug

Document Size:	4832
Author:	Doug Henwood
Date:	Wed Sep 30 09:08:25 PDT 1998

40354 The Red-Green Bird of Eco-Socialist Paradise -- rank: 1000

bautiste at uswest.net wrote: >For what, getting grumpy? I've heard stuff on this list I wouldn't let my dog >read. Your dog can read? By all means, sign him/her up for the list! Doug

Document Size:	4855
Author:	Doug Henwood
Date:	Wed Sep 30 09:03:06 PDT 1998

40355 Arianna Huffington -- rank: 1000

There was some talk here recently of "doing" Arianna Huffington for the revo. Fortunately for those interested in pursuing this subversive strategy, I've come across her email address. Direct your billets doux to <AriannaHuf at aol.com>. Doug

Document Size:	4682
Author:	Doug Henwood
Date:	Wed Sep 30 08:35:04 PDT 1998

40356 hawks win -- rank: 1000

In accordance with Geoffrey Crowther's guidelines for journalists - simplify & exaggerate - the Fed hawks won. Greenspan couldn't get the hawks - there are 5 or 7 of them among the board and regional bank presidents - to go for more than 1/4 point on fed funds, no change in the discount rate. The smart Fedwatcher David Jones was just on CNBC saying that the wording of the press release sounded like this was it for a while, too. Doug

Document Size:	4815
Author:	Doug Henwood
Date:	Tue Sep 29 14:16:42 PDT 1998

40357 Tom Ferguson and the Myth of the Median Voter -- rank: 1000

William S. Lear wrote: > >Tom had this to say when I asked him about a money shift being >prompted by polls: > > As for the polls, there is certainly nothing the matter in theory with > money following polls. But 1994 doesn't appear to be such a case. I > arrived originally at my "Mt. Vesuvius" analogy by comparing the FEC > reports for soft money and other funding for the first half of 1994 > with those for the rest of the year. (The first ver ...

Document Size:	6870
Author:	Doug Henwood
Date:	Tue Sep 29 14:02:43 PDT 1998

40358 Fed -- rank: 1000

So the Fed lowered the fed funds rate by a 1/4 point, the most minimal action they could have taken. Are they trying to promote a global deflation, or what? Doug

Document Size:	4366
Author:	Doug Henwood
Date:	Tue Sep 29 13:37:57 PDT 1998

40359 race & pay - Boushey -- rank: 1000

Charles Brown wrote: >The old canard that a rise in wages forces a rise in >unemployment is so basic that it was punctured >classically in >Marxism by Marx himself in "Value, Price >and Profit". Charles, that has nothing to do with Heather's argument, or that of the original Wage Curve theorists, Blanchflower & Oswald. What's your point? Doug

Document Size:	4804
Author:	Doug Henwood
Date:	Tue Sep 29 08:32:12 PDT 1998

40360 The Red-Green Bird of Eco-Socialist Paradise -- rank: 1000

bautiste at uswest.net wrote: >I don't know about the Greens on the grimy banks of the Hudson, but the >Greens on the muddy banks of the Rio Grande stand for more social and >economic justice and hope for the poor than anyone on this sorry-assed list >could muster. Your exit from this sorry-assed region could be very easily arranged. >What's the median income of those on this list I wonder? You first, buddy. Doug

Document Size:	5102
Author:	Doug Henwood
Date:	Tue Sep 29 08:16:24 PDT 1998

40361 race & pay - Boushey -- rank: 1000

I've just posted Heather Boushey's piece on race, unemployment, and pay on the LBO web site, at <http://www.panix.com/~dhenwood/Race_curve.html>, and the thread from lbo-talk on the article <http://www.panix.com/~dhenwood/Boushey_thread.html>. Heather's longer paper, which was the basis of the LBO piece, can also be downloaded in MS Word 6.0/95 format from a link at the top of the article. Doug

Document Size:	4951
Author:	Doug Henwood
Date:	Mon Sep 28 19:49:06 PDT 1998

40362 Boushey reponds -- rank: 1000

[Heather Boushey's response to critical comments/questions on her piece in LBO #84. I'm about to put the piece up on the LBO web site; I'll add the comments and Heather's response too. - Doug] Date: Mon, 28 Sep 1998 17:09:52 -0400 From: Heather Boushey <HBoushey at compuserve.com> Subject: comments Sender: Heather Boushey <HBoushey at compuserve.com> To: Doug Henwood <dhenwood at panix.com> MIME-Version: 1.0 I'd like to comment on a few of the comments on my article in the LBO ...

Document Size:	8384
Author:	Doug Henwood
Date:	Mon Sep 28 14:19:56 PDT 1998

40363 Malnutrition Stunts Growth of Generation of Indon Children (fwd) -- rank: 1000

Date: Mon, 28 Sep 1998 13:16:48 -0400 (EDT) Reply-To: rob at essential.org Originator: stop-imf at essential.org Sender: stop-imf at essential.org Precedence: bulk From: Robert Weissman <rob at essential.org> To: Multiple recipients of list STOP-IMF <stop-imf at essential.org> Subject: Malnutrition Stunts Growth of Generation of Indon Children (fwd) MIME-Version: 1.0 X-Comment: To unsubscribe from this list, send the one line message "unsubscribe stop-imf" to "listproc ...

Document Size:	9124
Author:	Doug Henwood
Date:	Mon Sep 28 13:31:08 PDT 1998

40364 FW: Clinton's Dead Connections -- rank: 1000

While I'm sure you could find 45 deaths associated with almost anyone 50 years old, but these weren't relationships like kindergarten teacher or pedicurist. These were lawyer, friend, bodyguard, shady business associate, etc. Doug

Document Size:	4668
Author:	Doug Henwood
Date:	Mon Sep 28 10:19:54 PDT 1998

40365 query -- rank: 1000

James Devine wrote: >1. Doug, is it worth it for someone to buy the paperback if he or she >already owns the hardback edition of your book? Oh -- I know Doug's answer >to that one. So let's make it specific: have all the data in the paperback >edition been updated to encorporate the most recent info? All the market-based (interest rates, stock prices, etc.), national income accounts, & flow of funds data was updated, or if I were the Fed, I'd say "were updated." I didn ...

Document Size:	6474
Author:	Doug Henwood
Date:	Mon Sep 28 10:05:44 PDT 1998