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Thursday, January 23, 2020

A 14 Carat Doozey.

 Now for our quote of the month and this one's a 14 carat doozey.

 David Olive, the Toronto Star's economic expert, mourns the loss of banker Paul Volcker in his article of Dec.14. The caption reads, ''Volcker was the greatest banker in history.'' Olive, ''justifies,'' that comment with the following, stating: ''As chair of the U.S. Federal Reserve Board from 1979 to 1987, Volcker curbed the U.S. money supply and nearly doubled interest rates, triggering the most severe economic downturn since the great depression.'' 

It's time for all of us to reflect on how fortunate we are.

 We do not live in a society that has no banks, inflation and depressions, 'cos if we did we wouldn't be able to thank Mr.Volcker for his wonderful contribution to humanity.

for socialism -- 
SPC Members

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