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October 28, 2008

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paine

we have two tools we can use here in the north
keynes and his fiscal deficits
and if it comes to it
lerner and his mark up market

the job of the north is damn the trade leaks and full speed ahead
onto hyper employment thru a trade gap ignoring
surge in gub spending

the anglo american 30's was a not just a story
of three stoogery
30-32

but also of too little too late
in 33-39

looks like we may do that again

paine

in a globe without global institutions
come a crsisis
its every rich nation for itself
paradoxically
looking inward for a global solution
was the great insight of keynes

north country protectionism and consequent contracting international trade
can be trumped by
north country deficit spending
so long as its bold enough long enough
and peaceful enough

Dani Rodrik

"looking inward for a global solution
was the great insight of keynes"

well put paine!

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