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re:Re: Re: [Pen-l] Downturn Accelerates As It Circles The Globe



Agreed on both counts.

>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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