From: Carrol Cox < --------------------------------------------------------------------------------
raghu wrote: > > > > Exactly, why won't PEN-L? From last week's thread on Volcker's > "standards of living have to decline", I get the impression that there > is little sympathy on PEN-L for the no growth idea. Volcker wanted standards of living to decline in order to get MORE growth. He had no intention at all of slowing or stopping growth. That's why your posts on him got such a negative response. If you want to really slow or stop growth, don't look to the words or deeds of ANY Fed Chairman. Their for growth AND decline in living standards. Carrol ^^^ CB: Yes. Carrol in this case it might be good to say "growth _in profits_." This message has been scanned for malware by SurfControl plc. www.surfcontrol.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
