[lbo-talk] Does QE2 work?

[Carrol Cox]

Several decades ago, Sweezy in discussing some projected reform, argued that
if the working class had the power to force _that_ on the capitalists, it
had the power to overthrow the state. Hence, dreaming of or working for the
reform in question was pointlesds. I rather think nationalizing the banks
falls into that category.

Carrol

-----Original Message-----
From: lbo-talk-bounces at lbo-talk.org [mailto:lbo-talk-bounces at lbo-talk.org]
On Behalf Of Miles Jackson
Sent: Wednesday, November 03, 2010 6:47 PM
To: lbo-talk at lbo-talk.org
Subject: Re: [lbo-talk] Does QE2 work?

  On 11/3/2010 4:01 PM, Doug Henwood wrote:
> They can buy all the bonds they want but they can't make the banks lend
out the cash. Until that changes, QE2 is bupkes.
>
> Doug

They could if we nationalized the banks!  (A guy can dream, can't he?)

Miles
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