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To: TobagoJack who wrote (6304)7/26/2001 6:43:41 PM
From: Oblomov  Read Replies (2) | Respond to of 74559
 
>> It is either choosing that, or choose deflation.

Wouldn't "global income equalization" appear (in the developed world) as deflation?



To: TobagoJack who wrote (6304)7/26/2001 7:29:41 PM
From: Ilaine  Read Replies (1) | Respond to of 74559
 
>>Teenager training is typically not part of a central banker's job description.<<

Raising wages during a recession is one of those classic dumb moves that one can never believe people will make - but they do.

"We're in a recession, people are getting poorer, what to do?" The dim lightbulb goes off. "Duh, I know, we'll raise wages!"

That was Hoover back in the Great You-Know-What.


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