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To: FR1 who wrote (71514)	5/5/2000 3:49:00 AM
From: waverider	Respond to of 152472

...he can raise product prices and not sell any product. <H>

To: FR1 who wrote (71514)	5/5/2000 9:05:00 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 152472

raise prices for product and you run risk of losing business to more efficient competitive producer also, purchase other clever equipment and drive down your unit costs my conclusion is that the singlemost definable element to suffer will be profits producers simply cannot pass down costs to final product price the internet is far too pervasive now in leveling the field with instantaneous competitive pricing (I saw it at Staples in spades) bottom line: profits suffer, competition rules / Jim Willie

To: FR1 who wrote (71514)	5/5/2000 10:09:00 AM
From: Boplicity	Respond to of 152472

What should happen at number 3) is an increase in automation, decreasing the need for employees. Greg

To: FR1 who wrote (71514)	5/5/2000 10:50:00 AM
From: phatbstrd	Respond to of 152472

Laissez-faire!!! You're right, It becomes a self-fulfilling prophecy! P

To: FR1 who wrote (71514)	5/6/2000 5:08:00 PM
From: Bob Howarth	Respond to of 152472

Another case: 1. Mortgage rates go up because Fed raises interest rates. 2. CPI goes up because cost of ownership goes up because mortgage rates go up because Fed raised interest rates. 3. People need raises to ....... How can anyone with 3 digits between their ears think they can apply "law of supply and demand" to labor market, in a free economy, and deduce that full employment causes inflation? Three cheers for Mr K, and he gets my vote. PS: What raises did Greenspan give the tens of thousands of completely non productive and redundant employees at Fed reserve last year? I bet it is higher than 5%, higher than all the statistics that he supposedly groans about. Inflation caused by Washington DC, and its brain-dead inhabitants. They have replaced astrologers with economists. What a joke!