Not to be a vulgar Marxist or anything, but the rentier class took to
monetarism because they saw it as a strategy to attack inflation and the
aspirations of an uppity working class. Of course ideology played an
important part in its triumph, but the politicians most identified with
this ideology are Pinochet and Thatcher, repressive centralizers both of them.
Doug
Doug Henwood [[EMAIL PROTECTED]]
Left Business Observer
212-874-4020 (voice)
212-874-3137 (fax)
On Thu, 24 Feb 1994, Blair Sandler wrote:
> Interest rates change not only for economic and political (a la M.
> HenwoodUs posting) reasons, but also for cultural ones, e.g. the
> influence of monetarist theory on decision-makers.
>
> Blair Sandler
