Re: Lynn Turgeon's report and discussions of monetary policy

[Doug Henwood <dhenwood@xxxxxxxxx>]

This is the tragic fate of those who don't subscribe to Left Business
Observer, the publication that tells all about the Fed, the bond market,
the sadomonetarists, and all the other fun sorts who own and control money.

Doug

Doug Henwood [dhenwood@xxxxxxxxx]
Left Business Observer
212-874-4020


On Mon, 10 Jan 1994, R. Anders Schneiderman wrote:

> Or how about trying to explain to the rest of the Left what monetary
> policy is--why anyone worried about the plight of the homeless, the
> environment, etc., should worry about the bond market or any of the rest
> of it?  Speaking as someone who finally figured that out about a year ago,
> most of my friends onthe Left, particularly folks who aren't professors,
> haven't a clue about any of it, and from reading the Nation, etc., they
> aren't likely to get it.  I finally got interested after reading William
> Greider, Michael Lewis (Liar's Poker), Martin Mayer, and Ron Chernow (the
> book on the House of Morgan)--one liberal and three conservatives.  They
> were the first writers I read who turned it from wierd, intimidating
> gobble-de-gook/magic into something that grabbed my interest:  tales of
> greed, lust, power, and stupidity.