[Pen-l] capitalist fools

["McDonough, Terrence" <terrence.mcdonough@xxxxxxxxxxxx>]

Message: 11
>Date: Thu, 11 Dec 2008 17:23:52 -0800
From: raghu <mraghu01@xxxxxxxxx>
Subject: Re: [Pen-l] capitalist fools
To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
Message-ID:
        <ab96bd8a0812111723t12988106leda64766271959cf@xxxxxxxxxxxxxx>
Content-Type: text/plain; charset=ISO-8859-1

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.<

Nevertheless, Greenspan is getting thumped for maintaining high levels of economic activity and employment as opposed to Darth V. who had the 'courage' to make everyone else unemployed.

Terry
_______________________________________________
pen-l mailing list
pen-l@xxxxxxxxxxxxxxxxxx
https://lists.csuchico.edu/mailman/listinfo/pen-l