<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div><SPAN><BR class=yui-cursor></SPAN></div>
<div><BR></div>
<DIV style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">
<DIV style="FONT-FAMILY: times new roman, new york, times, serif; FONT-SIZE: 12pt">
<DIV dir=ltr><FONT size=2 face=Arial>----- Forwarded Message -----<BR><B><SPAN style="FONT-WEIGHT: bold">From:</SPAN></B> Michael Hudson <michael.hudson@earthlink.net><BR><B><SPAN style="FONT-WEIGHT: bold">To:</SPAN></B> dirk bezemer <d.j.bezemer@rug.nl>; GANG8 <gang8@yahoogroups.com>; marshall auerback <MAuer1959@aol.com> <BR><B><SPAN style="FONT-WEIGHT: bold">Cc:</SPAN></B> Jeffrey Sommers <sommerjw@uwm.edu>; Martin Bartels <martin.bartels@oryx-am.com>; Hannah Chadeayne Appel <hannah.chadeayne@gmail.com> <BR><B><SPAN style="FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, 14 May 2012, 15:29<BR><B><SPAN style="FONT-WEIGHT: bold">Subject:</SPAN></B> [gang8] FW: My re-edited version [1 Attachment]<BR></FONT></DIV><BR>
<DIV id=yiv1353751451>
<DIV><SPAN style="DISPLAY: none"> </SPAN> <!--~-|**|PrettyHtmlStartT|**|-~-->
<DIV id=yiv1353751451ygrp-mlmsg>
<DIV id=yiv1353751451ygrp-msg><!--~-|**|PrettyHtmlEndT|**|-~-->
<DIV id=yiv1353751451ygrp-text><!--~-|**|PrettyHtmlStart|**|-~--><SPAN style="DISPLAY: block; MARGIN-BOTTOM: 20px; FONT-SIZE: 12px; FONT-WEIGHT: 700">[<A style="TEXT-DECORATION: none" href="http://uk.mg40.mail.yahoo.com/neo/#TopText" rel=nofollow>Attachment(s)</A> from Michael Hudson included below]</SPAN> <!--~-|**|PrettyHtmlEnd|**|-~-->
<div><FONT size=4><FONT face="Times New Roman"><SPAN style="FONT-SIZE: 14pt"><BR><BR><B>Subject: </B>My re-edited version<BR><BR><BR> Mitch Green at UMKC has thoroughly re-edited and improved my article from today’s NEP and Counterpunch (and Steve Keen’s blog). <BR> Michael<BR><BR></SPAN></FONT></FONT></div></DIV><!--~-|**|PrettyHtmlStart|**|-~-->
<DIV style="HEIGHT: 0px; COLOR: #fff">__._,_.___</DIV><A name=TopText rel=nofollow></SPAN></div>
<div style="PADDING-BOTTOM: 3px; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; CLEAR: both; PADDING-TOP: 0px"><SPAN style="COLOR: #628c2a; FONT-SIZE: 13px; FONT-WEIGHT: 700">Attachment(s) from Michael Hudson</A>
<div style="PADDING-BOTTOM: 0px; MARGIN: 0px 0px 2px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; PADDING-TOP: 10px" id=yiv1353751451attach-count><SPAN style="COLOR: #628c2a; FONT-WEIGHT: 700">1 of 1 File(s) </SPAN></div>
<DIV class=yiv1353751451attach-table>
<DIV style="MARGIN: 2px 0px; WHITE-SPACE: nowrap; FLOAT: left; CLEAR: both" class=yiv1353751451file-row>
<DIV class=yiv1353751451ygrp-file-title><IMG style="VERTICAL-ALIGN: middle; MARGIN-RIGHT: 5px" src="http://l.yimg.com/kq/static/images/yg/img/doc/doc16x16.gif"> <A style="TEXT-DECORATION: none" title="Krugman economic blinders.doc" href="http://xa.yimg.com/kq/groups/1210553/1112223739/name/Krugman%20economic%20blinders.doc" rel=nofollow target=_blank>Krugman economic blinders.doc</A></DIV></DIV></DIV>
<DIV style="WHITE-SPACE: nowrap; MARGIN-BOTTOM: 10px; COLOR: #666; CLEAR: both; PADDING-TOP: 15px" id=yiv1353751451ygrp-actbar>
<DIV><A style="PADDING-RIGHT: 0px; MARGIN-RIGHT: 0px" href="mailto:michael.hudson@earthlink.net?subject=Re%3A%20FW%3A%20My%20re-edited%20version" rel=nofollow target=_blank ymailto="mailto:michael.hudson@earthlink.net?subject=Re%3A%20FW%3A%20My%20re-edited%20version"></SPAN>Reply to <SPAN style="FONT-WEIGHT: 700">sender</A> | <A href="mailto:gang8@yahoogroups.com?subject=Re%3A%20FW%3A%20My%20re-edited%20version" rel=nofollow target=_blank ymailto="mailto:gang8@yahoogroups.com?subject=Re%3A%20FW%3A%20My%20re-edited%20version"></SPAN>Reply to <SPAN style="FONT-WEIGHT: 700">group</A> | <A href="http://groups.yahoo.com/group/gang8/post;_ylc=X3oDMTJxZGY3bnQ0BF9TAzk3MzU5NzE0BGdycElkAzEyMTA1NTMEZ3Jwc3BJZAMxNzA1MDAxOTkwBG1zZ0lkAzE2NTIwBHNlYwNmdHIEc2xrA3JwbHkEc3RpbWUDMTMzNzAwNTc1Ng--?act=reply&messageNum=16520" rel=nofollow target=_blank></SPAN>Reply <SPAN style="FONT-WEIGHT: 700">via web post</A> | <A style="FONT-WEIGHT: 700"
href="http://groups.yahoo.com/group/gang8/post;_ylc=X3oDMTJldm8xN2FuBF9TAzk3MzU5NzE0BGdycElkAzEyMTA1NTMEZ3Jwc3BJZAMxNzA1MDAxOTkwBHNlYwNmdHIEc2xrA250cGMEc3RpbWUDMTMzNzAwNTc1Ng--" rel=nofollow target=_blank>Start a New Topic</A> </DIV><A href="http://groups.yahoo.com/group/gang8/message/16520;_ylc=X3oDMTM2dmVtN2F0BF9TAzk3MzU5NzE0BGdycElkAzEyMTA1NTMEZ3Jwc3BJZAMxNzA1MDAxOTkwBG1zZ0lkAzE2NTIwBHNlYwNmdHIEc2xrA3Z0cGMEc3RpbWUDMTMzNzAwNTc1NgR0cGNJZAMxNjUyMA--" rel=nofollow target=_blank>Messages in this topic</A> (<SPAN style="FONT-WEIGHT: 700">1</SPAN>) </DIV>
<DIV style="PADDING-BOTTOM: 10px; BACKGROUND-COLOR: #e0ecee; PADDING-LEFT: 10px; PADDING-RIGHT: 10px; FONT-FAMILY: Verdana; MARGIN-BOTTOM: 10px; FONT-SIZE: 10px; PADDING-TOP: 10px" id=yiv1353751451ygrp-vital><SPAN style="TEXT-TRANSFORM: uppercase; COLOR: #333; FONT-WEIGHT: bold" id=yiv1353751451vithd>Recent Activity:</SPAN>
<UL style="PADDING-BOTTOM: 0px; LIST-STYLE-TYPE: none; MARGIN: 0px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; DISPLAY: inline; PADDING-TOP: 0px">
<LI style="PADDING-BOTTOM: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 5px; DISPLAY: inline; MARGIN-LEFT: 0px; FONT-WEIGHT: 700; BORDER-RIGHT: #000 1px solid; PADDING-TOP: 0px"><SPAN class=yiv1353751451cat><A style="TEXT-DECORATION: none" href="http://groups.yahoo.com/group/gang8/members;_ylc=X3oDMTJmOGR1bnJ0BF9TAzk3MzU5NzE0BGdycElkAzEyMTA1NTMEZ3Jwc3BJZAMxNzA1MDAxOTkwBHNlYwN2dGwEc2xrA3ZtYnJzBHN0aW1lAzEzMzcwMDU3NTY-?o=6" rel=nofollow target=_blank>New Members</A></SPAN> <SPAN style="COLOR: #ff7900" class=yiv1353751451ct>1</SPAN> </LI></UL>
<DIV style="COLOR: #1e66ae; CLEAR: both; PADDING-TOP: 2px"><A style="TEXT-DECORATION: none" href="http://groups.yahoo.com/group/gang8;_ylc=X3oDMTJlcm0xaTVwBF9TAzk3MzU5NzE0BGdycElkAzEyMTA1NTMEZ3Jwc3BJZAMxNzA1MDAxOTkwBHNlYwN2dGwEc2xrA3ZnaHAEc3RpbWUDMTMzNzAwNTc1Ng--" rel=nofollow target=_blank>Visit Your Group</A> </DIV></DIV>
<DIV style="PADDING-BOTTOM: 15px; PADDING-LEFT: 0px; PADDING-RIGHT: 0px; FONT-FAMILY: Verdana; FONT-SIZE: 12px; PADDING-TOP: 15px" id=yiv1353751451ygrp-grfd>The gang8 list is devoted to Creditary Economics.<BR>To unsubscribe, email: gang8-unsubscribe@yahoogroups.com<BR><BR></DIV>
<DIV style="PADDING-BOTTOM: 0px; MARGIN-TOP: 5px; PADDING-LEFT: 0px; PADDING-RIGHT: 2px; FONT-FAMILY: Arial; CLEAR: both; FONT-SIZE: 11px; PADDING-TOP: 0px" id=yiv1353751451ft><A style="FLOAT: left" href="http://groups.yahoo.com/;_ylc=X3oDMTJkcjY2dnI0BF9TAzk3NDc2NTkwBGdycElkAzEyMTA1NTMEZ3Jwc3BJZAMxNzA1MDAxOTkwBHNlYwNmdHIEc2xrA2dmcARzdGltZQMxMzM3MDA1NzU2" rel=nofollow target=_blank><IMG style="BORDER-BOTTOM: 0px; BORDER-LEFT: 0px; BORDER-TOP: 0px; BORDER-RIGHT: 0px" alt="Yahoo! Groups" src="http://l.yimg.com/a/i/us/yg/logo/us.gif" width=137 height=15></A>
<DIV style="FLOAT: right; COLOR: #747575">Switch to: <A style="TEXT-DECORATION: none" href="mailto:gang8-traditional@yahoogroups.com?subject=Change Delivery Format: Traditional" rel=nofollow target=_blank ymailto="mailto:gang8-traditional@yahoogroups.com?subject=Change Delivery Format: Traditional">Text-Only</A>, <A style="TEXT-DECORATION: none" class=yiv1353751451margin-rt href="mailto:gang8-digest@yahoogroups.com?subject=Email Delivery: Digest" rel=nofollow target=_blank ymailto="mailto:gang8-digest@yahoogroups.com?subject=Email Delivery: Digest">Daily Digest</A> • <A style="TEXT-DECORATION: none" href="mailto:gang8-unsubscribe@yahoogroups.com?subject=Unsubscribe" rel=nofollow target=_blank ymailto="mailto:gang8-unsubscribe@yahoogroups.com?subject=Unsubscribe">Unsubscribe</A> • <A style="TEXT-DECORATION: none" href="http://docs.yahoo.com/info/terms/" rel=nofollow target=_blank>Terms of Use</A></DIV></DIV></DIV>
<DIV style="MARGIN: 0px 0px 25px; WIDTH: 160px; BACKGROUND: #fff; FLOAT: right; CLEAR: none" id=yiv1353751451ygrp-sponsor>
<DIV id=yiv1353751451ygrp-reco></DIV></DIV>
<DIV style="COLOR: #fff; CLEAR: both; FONT-SIZE: 1px">.</DIV></DIV><img src="http://www.mailscanner.info/images/1x1spacer.gif" width="1" height="1" alt="Web Bug from http://geo.yahoo.com/serv?s=97359714/grpId=1210553/grpspId=1705001990/msgId=16520/stime=1337005756/nc1=3848641/nc2=4507179/nc3=5741393" /> <BR>
<DIV style="HEIGHT: 0px; COLOR: #fff">__,_._,___</DIV><!--~-|**|PrettyHtmlEnd|**|-~--></DIV><!--~-|**|PrettyHtmlStart|**|-~-->
<STYLE type=text/css>
<!--
#yiv1353751451 #yiv1353751451ygrp-mkp {
border:1px solid #d8d8d8;font-family:Arial;margin:10px 0;padding:0 10px;}
#yiv1353751451 #yiv1353751451ygrp-mkp hr {
border:1px solid #d8d8d8;}
#yiv1353751451 #yiv1353751451ygrp-mkp #yiv1353751451hd {
color:#628c2a;font-size:85%;font-weight:700;line-height:122%;margin:10px 0;}
#yiv1353751451 #yiv1353751451ygrp-mkp #yiv1353751451ads {
margin-bottom:10px;}
#yiv1353751451 #yiv1353751451ygrp-mkp .yiv1353751451ad {
padding:0 0;}
#yiv1353751451 #yiv1353751451ygrp-mkp .yiv1353751451ad p {
margin:0;}
#yiv1353751451 #yiv1353751451ygrp-mkp .yiv1353751451ad a {
color:#0000ff;text-decoration:none;}
#yiv1353751451 #yiv1353751451ygrp-sponsor #yiv1353751451ygrp-lc {
font-family:Arial;}
#yiv1353751451 #yiv1353751451ygrp-sponsor #yiv1353751451ygrp-lc #yiv1353751451hd {
margin:10px 0px;font-weight:700;font-size:78%;line-height:122%;}
#yiv1353751451 #yiv1353751451ygrp-sponsor #yiv1353751451ygrp-lc .yiv1353751451ad {
margin-bottom:10px;padding:0 0;}
#yiv1353751451 a {
color:#1e66ae;}
#yiv1353751451 #yiv1353751451actions {
font-family:Verdana;font-size:11px;padding:10px 0;}
#yiv1353751451 #yiv1353751451activity {
background-color:#e0ecee;float:left;font-family:Verdana;font-size:10px;padding:10px;}
#yiv1353751451 #yiv1353751451activity span {
font-weight:700;}
#yiv1353751451 #yiv1353751451activity span:first-child {
text-transform:uppercase;}
#yiv1353751451 #yiv1353751451activity span a {
color:#5085b6;text-decoration:none;}
#yiv1353751451 #yiv1353751451activity span span {
color:#ff7900;}
#yiv1353751451 #yiv1353751451activity span .yiv1353751451underline {
text-decoration:underline;}
#yiv1353751451 .yiv1353751451attach {
clear:both;display:table;font-family:Arial;font-size:12px;padding:10px 0;width:400px;}
#yiv1353751451 .yiv1353751451attach div a {
text-decoration:none;}
#yiv1353751451 .yiv1353751451attach img {
border:none;padding-right:5px;}
#yiv1353751451 .yiv1353751451attach label {
display:block;margin-bottom:5px;}
#yiv1353751451 .yiv1353751451attach label a {
text-decoration:none;}
#yiv1353751451 blockquote {
margin:0 0 0 4px;}
#yiv1353751451 .yiv1353751451bold {
font-family:Arial;font-size:13px;font-weight:700;}
#yiv1353751451 .yiv1353751451bold a {
text-decoration:none;}
#yiv1353751451 dd.yiv1353751451last p a {
font-family:Verdana;font-weight:700;}
#yiv1353751451 dd.yiv1353751451last p span {
margin-right:10px;font-family:Verdana;font-weight:700;}
#yiv1353751451 dd.yiv1353751451last p span.yiv1353751451yshortcuts {
margin-right:0;}
#yiv1353751451 div.yiv1353751451attach-table div div a {
text-decoration:none;}
#yiv1353751451 div.yiv1353751451attach-table {
width:400px;}
#yiv1353751451 div.yiv1353751451file-title a, #yiv1353751451 div.yiv1353751451file-title a:active, #yiv1353751451 div.yiv1353751451file-title a:hover, #yiv1353751451 div.yiv1353751451file-title a:visited {
text-decoration:none;}
#yiv1353751451 div.yiv1353751451photo-title a, #yiv1353751451 div.yiv1353751451photo-title a:active, #yiv1353751451 div.yiv1353751451photo-title a:hover, #yiv1353751451 div.yiv1353751451photo-title a:visited {
text-decoration:none;}
#yiv1353751451 div#yiv1353751451ygrp-mlmsg #yiv1353751451ygrp-msg p a span.yiv1353751451yshortcuts {
font-family:Verdana;font-size:10px;font-weight:normal;}
#yiv1353751451 .yiv1353751451green {
color:#628c2a;}
#yiv1353751451 .yiv1353751451MsoNormal {
margin:0 0 0 0;}
#yiv1353751451 o {
font-size:0;}
#yiv1353751451 #yiv1353751451photos div {
float:left;width:72px;}
#yiv1353751451 #yiv1353751451photos div div {
border:1px solid #666666;height:62px;overflow:hidden;width:62px;}
#yiv1353751451 #yiv1353751451photos div label {
color:#666666;font-size:10px;overflow:hidden;text-align:center;white-space:nowrap;width:64px;}
#yiv1353751451 #yiv1353751451reco-category {
font-size:77%;}
#yiv1353751451 #yiv1353751451reco-desc {
font-size:77%;}
#yiv1353751451 .yiv1353751451replbq {
margin:4px;}
#yiv1353751451 #yiv1353751451ygrp-actbar div a:first-child {
margin-right:2px;padding-right:5px;}
#yiv1353751451 #yiv1353751451ygrp-mlmsg {
font-size:13px;font-family:Arial, helvetica, clean, sans-serif;}
#yiv1353751451 #yiv1353751451ygrp-mlmsg table {
font-size:inherit;font:100%;}
#yiv1353751451 #yiv1353751451ygrp-mlmsg select, #yiv1353751451 input, #yiv1353751451 textarea {
font:99% Arial, Helvetica, clean, sans-serif;}
#yiv1353751451 #yiv1353751451ygrp-mlmsg pre, #yiv1353751451 code {
font:115% monospace;}
#yiv1353751451 #yiv1353751451ygrp-mlmsg * {
line-height:1.22em;}
#yiv1353751451 #yiv1353751451ygrp-mlmsg #yiv1353751451logo {
padding-bottom:10px;}
#yiv1353751451 #yiv1353751451ygrp-mlmsg a {
color:#1E66AE;}
#yiv1353751451 #yiv1353751451ygrp-msg p a {
font-family:Verdana;}
#yiv1353751451 #yiv1353751451ygrp-msg p#yiv1353751451attach-count span {
color:#1E66AE;font-weight:700;}
#yiv1353751451 #yiv1353751451ygrp-reco #yiv1353751451reco-head {
color:#ff7900;font-weight:700;}
#yiv1353751451 #yiv1353751451ygrp-reco {
margin-bottom:20px;padding:0px;}
#yiv1353751451 #yiv1353751451ygrp-sponsor #yiv1353751451ov li a {
font-size:130%;text-decoration:none;}
#yiv1353751451 #yiv1353751451ygrp-sponsor #yiv1353751451ov li {
font-size:77%;list-style-type:square;padding:6px 0;}
#yiv1353751451 #yiv1353751451ygrp-sponsor #yiv1353751451ov ul {
margin:0;padding:0 0 0 8px;}
#yiv1353751451 #yiv1353751451ygrp-text {
font-family:Georgia;}
#yiv1353751451 #yiv1353751451ygrp-text p {
margin:0 0 1em 0;}
#yiv1353751451 #yiv1353751451ygrp-text tt {
font-size:120%;}
#yiv1353751451 #yiv1353751451ygrp-vital ul li:last-child {
border-right:none !important;
}
-->
</STYLE>
<!--~-|**|PrettyHtmlEnd|**|-~--></DIV><BR><BR></DIV></DIV></div></body></html>