93, p. 44. 6 See, for example, the plunge in capacity utilization rates in appendix B-52 in the Economic Report of the President, 1994, for the years 1973-75 and 1981-82, along with the labor unemployment rates. 7 This important testimony is in Greenspan (1993). 8 See the detailed accounts of Federal Reserve Chairman Volcker's efforts to compel senior management to change its strategies in order to prevent failure of the Continental Illinois Bank in 1984, described in Greider (1987), pp. 624-632. ...
