Message: 11 >Date: Thu, 11 Dec 2008 17:23:52 -0800 From: raghu <[email protected]> Subject: Re: [Pen-l] capitalist fools To: "Progressive Economics" <[email protected]> Message-ID: <[email protected]> Content-Type: text/plain; charset=ISO-8859-1
On Thu, Dec 11, 2008 at 4:21 PM, McDonough, Terrence <[email protected]> wrote: > This retrospective canonization of Volcker is, of course, really disturbing. > > The criticism of Greenspan's monetary loosening is I suppose the flip side to > this. But did Greenspan really have a choice? Without the interest rate > declines stagnation would have set in much sooner. > To say Volcker was better than Greenspan is not exactly 'canonization'. That's like saying John McCain is smarter than George W. Bush - not exactly high praise. -raghu.< Nevertheless, Greenspan is getting thumped for maintaining high levels of economic activity and employment as opposed to Darth V. who had the 'courage' to make everyone else unemployed. Terry _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
