How Now, Real Dow?penpusherAugust 7 2007, 23:52:49 UTC
That was a fascinating read; thanks for the link.
I'm sort of surprised that people haven't either made a bigger deal of these facts or they may not have even acknowledged them at all. I mean, with all the economists out there trying to get an angle, how was it this has taken so long to get to the fore?
"In other words, we've masked our inflation by keeping everyday necessities cheap and grossly inflating any "luxury" beyond that." Exactly, which is the drive behind "globalization" which is actually "colonization" with a free market mask on. On the other hand necessities are kept expensive enough to prevent real savings, measured against inflation. This creates a labor glut indirectly, by increasing the demand for income.
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Wonder what happens if you move T=0 from 1924, though. :P
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I'm sort of surprised that people haven't either made a bigger deal of these facts or they may not have even acknowledged them at all. I mean, with all the economists out there trying to get an angle, how was it this has taken so long to get to the fore?
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(The comment has been removed)
Exactly, which is the drive behind "globalization" which is actually "colonization" with a free market mask on.
On the other hand necessities are kept expensive enough to prevent real savings, measured against inflation. This creates a labor glut indirectly, by increasing the demand for income.
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