the euro

[Michael Perelman]

How does Greenspan welcome austerity except insofar as to keep wages down?
Just asking.

On Fri, Nov 30, 2001 at 02:59:39PM -0500, Doug Henwood wrote:
> 
> Hey, if you want to be conspiratorial about it, AG welcomes some 
> competition so that it will force an austerity program on the U.S., 
> and thereby balance the current account. And, conveniently, external 
> forces could be blamed.
> 
> Doug

-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at ecst.csuchico.edu