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To: elmatador who wrote (7734)8/26/2001 3:53:55 PM
From: marcos  Read Replies (1) | Respond to of 74559
 
Ah, great start to working it out - Inflaland and Deflaland - But, you're still using arbitrary terms, i.e. fiat currencies, as your measuring sticks ..... how about using something real as the purchasing standard - grammes of gold and/or hours of work for the various income strata - from campesino through the median J6P to the top five per cent with a stranglehold on most if not all economies?

'..telcoms have successfully kept inflated prices..' - yes, but this is in a state of flux now, isn't it ... some of the changes being incremental, and many being quite excremental ... [i got hung with some CLEC paper not long ago, hence the attitude]



To: elmatador who wrote (7734)8/26/2001 9:29:09 PM
From: Moominoid  Respond to of 74559
 
Czech Republic, Australia, and NZ might be deflaland but the level of economic activity is really much poorer in Brazil or Romania. It might be due to the cumulative effects of past and present policy to some extent, though geography and resources were important too. Of course there are huge numbers of well-off people in the Brazils or Chinas of this world too. There is a fantastic gap between them and Chad or Afghanistan or wherever. These gaps aren't illusions. Though I agree policy is important but it has real effects that will take time to correct. The policy of the Portuguese Empire vs. the British Empire is just as important as present day US vs Brazilian policy.