On Oct 22, 2008, at 1:17 PM, Doug Henwood wrote:
On Oct 22, 2008, at 1:12 PM, Louis Proyect quoted Robert Scheer:

Key among the good guys is former Federal Reserve Chairman Paul Volcker...

Who said on taking office as Fed chair in October 1979, "The American standard of living must decline."


That doesn't make him a bad guy, does it? (especially if the decline is primarily above the median).

        --ravi

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