Raising the Bar

Max Sawicky sawicky at epinet.org
Thu Sep 3 18:13:06 PDT 1998

> Max,
> Your policy of spending the surplus can
> "help people...spend even more, yum, yum)"
> without using a temporary interest rate cut to bail out hedge funds and
> the banks etc. that financed them, no? Why socialize Wall Street's
> losses?

Aren't the monetary authorities supposed to work in tandem with fiscal policy?

As for socializing losses, isn't that a matter for financial reform w/respect to regulation of credit markets?


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