Washington Times,Jan.9, 09 on page A20: Economist Thomas Sowell wrote: "An economic stimulus policy created during a contraction in demand can take effect during an inflationary expansion of demamd - and fuel still more inflation. This view is similar to my prior blogs appropos of shifting Aggregate Demand curve trying to reach the optimum with Aggregate Supply curve in the Keynesian Model with doubts.
"The creation of trillion dollars by a government can set off another round of inflation" Such is the Quantity Theory of Money or Equation of Exchange as truism. But what about the credit card system? Such modest analysis may be found in the back issue of Atlantic Economic Journal decades ago.
USAToday: January 9-11, 2009:
President Obama's Goal: New Job as a tonic for the US Economy:-
"Equipping community college and public universities with modern classrooms and libraries." That is identical to my previous blogs appropos of positive externality re investment in public schools for education. Cf."The Future of Community Colleges" published by the Congressional Record, July 18, 1974.
Page 6A: China's net users take aims online: Debate over privacy and ethics. Confucianism promotes ethics and morality in China and Adam Smith is known as a professor of moral philosophy. The East and the West may be regarded as ONE for globalization of ethics and morality.
Francis Shieh a.k.a. Xie Shihao on Friday,January 9, 2009 at 3.36 p.m.
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