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To: ahhaha who wrote (270)7/5/1999 1:02:00 AM
From: Ahda  Respond to of 587
 
Since 1979 the average hourly rate has just slightly over doubled it computes out to about 2.15
There are one million children in America who are homeless and over 5 million children living with their grandparents.
To park at the beach in 79 cost .50 now 5.00. To own a house in this area maybe 150 now around 500 up Apartments maybe 300 now 1400 a rough factor of a multiple of four versus roughly 2.
This to me means the US dollar is not so strong that we have seen erosion of buying power.
We are looking at something around 13 dollar average hourly wage and in 79 about 6.00
So the figures do not jive here in So Calif

Yes there is to much money out there and it is not worth as much as it was .

I think I am agreeing with you . I know I am very upset about the children



To: ahhaha who wrote (270)7/5/1999 9:42:00 PM
From: gpowell  Read Replies (1) | Respond to of 587
 
I don't know much (actually nothing) about economics but are you proposing going back to what was tried in 79-82' - a fixed growth in the money supply.

What are your opinions on why this didn't work. We ended up with high interest rates and high unemployment as I recall. Didn't the unrestrained rise in interest rates lead directly to the S&L's becoming insolvent?