Re: [OPE] Required reserve ratio

2008/10/2 Jerry wrote:

> If the Fed raised the required reserve ratio at the present moment -
> because
> it would increase the liquidity problem and credit crunch - it would
> exacerbate the crash.
>
> Given the way in which Wall Street is manipulating the political scene,
> (part of) what socialists should be talking about, imo, is developing
> effective counter-policies to deal with a capital strike.
>
>

Yes, of course socialists should think about and propose counter-policies.
I'm not suggesting that the reserve ratio should be raised now. I'm just
trying to understand the structural or systemic reasons for this current
crisis.

//Dave Z

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Received on Thu Oct 2 09:07:13 2008