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Re: [Pen-l] The fundamental crisis response. was Ecological creditcrunch



On Thu, Oct 30, 2008 at 5:28 PM, Carrol Cox <cbcox@xxxxxxxxx> wrote:
> Volcker wanted standards of living to decline in order to get MORE
> growth. He had no intention at all of slowing or stopping growth. That's
> why your posts on him got such a negative response.


That seems a bit contradictory - how can you get more growth by
putting everyone on an austerity program?
-raghu.

-- 
"Really ?? What a coincidence, I'm shallow too!!"
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