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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (371621)	2/22/2008 6:33:47 PM
From: tejek	Read Replies (1) \| Respond to of 1578138

That said, I don’t believe we’re really facing anything comparable to 1970s stagflation. For one thing, we’re less dependent on oil: America has more than twice the real G.D.P. it had in 1979, but consumes only slightly more oil. For another, there’s no sign of the wage-price spiral that once drove inflation into double digits — in fact, wage growth has been declining even as inflation rises. Well, I am glad to see that some economist is finally putting that one to bed even if it is Obama hating Krugman. <g>