Too much is blamed on the "economy." There are lots of people still around
with resources to buy whatever they want. Perhaps "want" is the operative
word. People with those resources tend to be people who know what is really
good and what is junk.
On Sat, May 28, 2011 at 12:04 PM, Beutler Frederick <fjb@umich.edu> wrote:
> Respected economists will disagree on our economy--its state, and what
> actions to take. For myself, I regret that we as a nation failed to use the
> recession to create jobs and to improve our infrastructure at the same time.
> Our roads, our bridges, our electrical network, our system of rail and air
> transportation, our police and fire protection, our educational system at
> all levels--all are underfunded, and in a state of decline. How are we
> going to compete in a world economy without an educated workforce
> functioning in a favorable environment?
>
> Yes, we do have a burdensome deficit. But economic history shows that we
> have been prosperous at times of higher taxes. Are we not willing to bear
> a small increase in taxation to continue as a great nation?
>
> More directly on sales of the arts: I think consumer confidence is
> probably the most largest determinant of our sales success.
>
> By the way, I'm not an economist either, but I've studied economics at the
> graduate level at MIT, and had courses in business cycles from Paul
> Samuelson, who won a Nobel Prize for his work.
>
> Fred
>
>
> On May 28, 2011, at 5:58 AM, Gene Lugo wrote:
>
> > Thank you, Tracy.
> >
> > [Non-text portions of this message have been removed]
> >
> >
>
> Frederick Beutler, Ph.D.
> Professor Emeritus
> EECS Department
> University of Michigan
> fjb@umich.edu
> fbeutler@comcast.net
> http://web.me.com/fbeutler
>
>
>
> [Non-text portions of this message have been removed]
>
>
>
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--
*Michael*
ChristopherMichael.com
[Non-text portions of this message have been removed]
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