[lbo-talk] DD & Max on Bernanke: (Thank Heavens) He's no Feldstein

[Michael Hoover]

>>> dhenwood at panix.com 10/25/05 6:23 PM >>>
All true, but monetary policy can't solve the fundamental problems of 
poverty and income distribution. Sadly, a lot of populists seem to 
think it can. I can understand the appeal of perpetually loose money 
- the temptation is that it could help the bottom half of the income 
distribution without moving to expropriate the top half. But it can't.
Doug
<<<<<>>>>>

while preference for 'easy money' goes back (i guess) to 1890s people's 
party endorsement of free coinage of silver (that was really intended 
to be waystation on road to paper money), that party also endorsed 
nationalization of railroads, graduated income tax...

pair of my old teachers - stuart lilie and late bill maddox - got bit of mileage
in early 1980s out of 4-ideology framework for u.s. politics that they 
developed - liberal, conservative, libertarian, populist, in contrast to 
conventional bi-polar liberal/conservative paradigm, lilie and maddox 
identified populists as folks who favor government economic intervention
and hold traditional cultural values...

i'm aware that there are 'left' and 'right' populists, to whom does above
reference to 'populist' refer...   michael hoover  

 
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