[lbo-talk] Labor council on monetary policy

Bill O'Connor billyoc at gmail.com
Sun Mar 15 14:44:53 PDT 2009


Ben Jackson <nonplus.plus at gmail.com> writes:


> Is there such a thing? If monetary policy is such a weapon of class
> warfare, do national unions ever work together to affect it? Or to
> politicize it?
>
>From the tesimony of the AFL-CIO chief economist before the Senate
Banking Committee:

[...]

First and foremost, providing a sound basis for American economic growth requires careful coordination of fiscal and monetary policy between the Federal Reserve and the Treasury to maintain maximum growth and full-employment consistent with reasonable price stability. This requires, particularly on the part of the Federal Reserve, a careful monitoring of developing asset bubbles so they do not undermine the strength and stability of economic growth.

[...]

http://www.aflcio.org/mediacenter/prsptm/tm03112008a.cfm



More information about the lbo-talk mailing list