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Re: [Pen-l] capitalist fools
- To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] capitalist fools
- From: raghu <mraghu01@xxxxxxxxx>
- Date: Thu, 11 Dec 2008 17:23:52 -0800
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On Thu, Dec 11, 2008 at 4:21 PM, McDonough, Terrence
<terrence.mcdonough@xxxxxxxxxxxx> wrote:
> This retrospective canonization of Volcker is, of course, really disturbing.
>
> The criticism of Greenspan's monetary loosening is I suppose the flip side to this. But did Greenspan really have a choice? Without the interest rate declines stagnation would have set in much sooner.
>
To say Volcker was better than Greenspan is not exactly
'canonization'. That's like saying John McCain is smarter than George
W. Bush - not exactly high praise.
-raghu.
--
milli-helen : The amount of beauty required to launch one ship.
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