On Wed, Oct 22, 2008 at 11:30 AM, ravi <[EMAIL PROTECTED]> wrote: > Yes, absolutely. No disagreement on that. But if he says that one should > expect a decline in American standards of living, that may be (pending finer > scrutiny) one of the better things he has said/done. We (the list) have > argued this before, but I have not seen any good refutation of the > self-evident fact (IMHO) that the entire world cannot live at American > levels, and if we are to give residents of the poorer nations a standard of > living that is tolerable, it may well be at the cost of that SUV or colour > television in each room or a mobile phone per family member (over the age of > 5) that is sort of the staple for a middle-class (or higher) American > family, or even its equivalent in the 70s when Volcker initiated the rather > unlikely phenomenon of Fed Chair as Rock Star. Don't you think?
I agree 100%. -raghu. -- "I busted a mirror and got seven years bad luck, but my lawyer says he can get me five." _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
