[lbo-talk] Belief in hell boosts economic growth

Doug Henwood dhenwood at panix.com
Wed Jul 28 06:39:40 PDT 2004


DeborahSRogers wrote:


>"In countries where where large percentages of the population believe
>in hell, there seems to be less corruption and a higher standard of
>living," the St. Louis Fed said in its July quarterly review.

My god. Back when I was a right-winger, we used to revere the St Louis Fed as the leading respectable institution that believed in monetarism and the free market. The rest of the Fed was hopelessly corrupted by Keynesianism. Good to see they're keeping up their old traditions.

Doug



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