Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: tejek who wrote (206510)	10/14/2004 2:20:48 PM
From: Tenchusatsu	Read Replies (1) of 1574249

Ted, Do you have a link for this latest allegation of yours? Google is your friend: cepr.net Every nation in western Europe has experienced a dramatic rise in its unemployment rate between the 1960s and the 1980s and 1990s. The (unweighted) average unemployment rate for these countries in the 1960s was 1.9%. In the 1980s it had risen to 7.4%, and thus far in the 1990s the average has been 8.8%. By the way, the same article also makes note of the 1994 theory that unemployment can't fall below 6% without inflationary pressures. I didn't know the Federal Reserve Board ever intended to prevent unemployment from falling below that line (even though they never followed through with that intent). Quite a contrast from today, where the unemployment numbers under Bush are somewhere between 5% and 6%, and that's considered a "failure" by those looking for "help on the way." Tenchusatsu

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