<p>I believe this session should be a joint session with the Modem Language Association. President Clinton and his helpers have contributed much more novelty to the rhetoric of economics than to economic policy or standards of living.</p>
<p>Here are some examples of Clintonenglish. Investment is any expenditure that the administration favors. In the first Clinton administration budget proposal, investment included $9 billion for food stamps, $9.5 billion for AIDS and women's health, $20 billion for the earned income tax credit. There were a host of other programs that contribute nothing to the increase in knowledge, training and physical capital that economists call investment</p>