me: >> The Fed, for example, is a cartel of >> bankers. Doug: > Industrialists almost never complain.
that's true. It's not that common for industrial and banking capital to come into conflict, though I understand many complained about Volcker's policies in the early 1980s (calling for his firing). Further, the Fed's restriction of the credit supply (and protection of bank profits) provides benefits to industry, too. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
