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Re: Re: [Pen-l] Downturn Accelerates As It Circles The Globe
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: Re: [Pen-l] Downturn Accelerates As It Circles The Globe
- From: Jim Devine <jdevine03@xxxxxxxxx>
- Date: Sun, 25 Jan 2009 09:00:05 -0800
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Robert Gassler wrote:
> [EU] Monetary policy is of course independent of everyone except the bankers, though not I think as explicitly as in the US.<
isn't the European Central Bank in many ways a reincarnation of the
German Central Bank, which saw inflation as the only sin?
> ... the Europeans have basically screwed themselves with the right-wing ideology they borrowed from Chicago.<
of course, Chicago got it from 19th century ideologues...
--
Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own
way and let people talk.) -- Karl, paraphrasing Dante.
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