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[PEN-L:6644] Re: Re: Re: Re: on econometrics

Michael Perelman wrote:

>Nobody needed econometrics to disprove the stability.  Monetarism went
>into the
>tank when Volcker applied it and the economy tanked.

Besides, Volcker was using monetarism as a cover for his real intent, which
was to jack up interest rates to 21% and create a recession deep enough to
scare the hell out of the working class.

Doug
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