DISCUSSION OF PAPER BY GARDNER PATTERSON.

The article presents a discussion of Gardner Patterson's research paper. The reviewer presents comments on terminology and the other is a matter of emphasis. The point of terminology has to do with the concept of mandatory saving. This type of saving means a reduction in consumption forced on people by an increase in prices. The author states that it is important to note how much additional money an economy is able to absorb in deciding how much deficit financing can be undertaken without risking inflation.