At 08:41 PM 8/4/98 -0700, Michael P. wrote:
>Robert Naiman's note on the IMF is a perfect example of what I was
referring to
>in my earlier post on socializing the downturns and privatizing the booms.

this seems to be a dynamic version of Norman Thomas' phrase "socialism for
the rich, capitalism for the poor."

in pen-l solidarity,

Jim Devine [EMAIL PROTECTED] &
http://clawww.lmu.edu/Departments/ECON/jdevine.html



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