Fed Up

[Max B. Sawicky]

> Galbraith & other liberals lack a class struggle understanding of 
> monetary policy. (Warning: this evaluation of monetary policy is 
> based on a superficial understanding of Marx.)

I'm not sure who said this, but it's been repeated a
few times, and it's silly.

Bill Greider has written the seminal, radical critique
of the Fed.  Jamie Galbraith is a foremost critic. So
is Dean Baker, formerly of EPI.
EPI has put out a lot of material.  And the ADA has
had resolutions denouncing the Fed.  For many radicals,
I would suggest, monetary policy is barely on the radar
screen.  I raised the issue on the Labor Party list a
few years ago and there was a big fight about it (i.e.,
how important it is).

If you puff yourself up too much, you'll pop.

mbs