Re: Re: Economic conjuncture

[Carrol Cox <cbcox@xxxxxxxxx>]

Jim Devine wrote:

> . They all make Alan Greenspan's job very difficult, if not
> impossible (unless he _wants_ a severe recession).

I wonder how politically sophisticated he is. A severe
recession would harshly discipline that part of the work
force which has only begun to recover the losses after
1974 -- as well as make life much more uncertain for
those now entering the work force (such as college
students). The effect might be to smash the incipient
radical movement represented by the war against
WTO.

Could AG think in those terms?

Carrol