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Re: Re: Re: Re: FYI

Chronologically, wasn't Volcker's decision to take the sado-
monetarist turn made at the 1979 IMF/WB meetings (in Belgrade,
were they, that year?). Didn't European and Wall St financial
friends just complain too incessantly about the weakness of the
dollar?

On 11 Dec 99, at 7:08, Brad De Long wrote:
> > >Volcker acquired a political mandate to fight
> > >inflation first
> > From whom? The haute bourgeoisie, right?
> >Doug
> Mostly from the Congress. I think that a (somewhat) broader slice of
> opinion tells them what to think...
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