Doug Henwood wrote: > Did she betray any knowledge of the structure of the Fed, the mix of > private (the regional banks) and public (the board) ownership? The > institution's self-financing? Since the Fed was founded in 1913 and > not during the Cheney years, it might complicate her argument a bit.
isn't her thesis about _changes_ in the degree of cronyism rather than the current level of it? further, isn't her comparison with the less-cronyish 1960s or 1930s rather than with the early 1900s? to dismiss the current cronyish trend _tout court_ would be like saying that the current trend toward globalization is irrelevant since the economy has always been globalized. -- Jim Devine / "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.
