Jim Devine wrote:

>I thought I answered that. I wrote about how Greenspan is supposed 
>to be the capitalist Nanny who is supposed to decide what's good for 
>them as a class, in the long run. That doesn't mean that there's no 
>conflict between the Nanny and the brats...

True. As Chris Rude, ex of the NY Fed and now a PhD student at the 
New School, told me, the Fed's attitude is that "politicians and 
bankers may come and go, but central bankers have to do the real 
long-term thinking for the class."

Doug

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