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

["Charles Brown" <charlesb@xxxxxxxxxxxxxxxxxxxxx>]

From: Carrol Cox <

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raghu wrote:
> 
> > 
> Exactly, why won't PEN-L? From last week's thread on Volcker's
> "standards of living have to decline", I get the impression that there
> is little sympathy on PEN-L for the no growth idea.

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.

If you want to really slow or stop growth, don't look to the words or
deeds of ANY Fed Chairman. Their for growth AND decline in living
standards.

Carrol

^^^
CB: Yes. Carrol in this case it might be good to say "growth _in profits_."





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