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. -- milli-helen : The amount of beauty required to launch one ship. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
