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alt. rock, advertising, shopping, middle aged persons, bad, cop killer, megarad, atmosphere music song lyrics, refer, unix, film, pam\'shouse blend, mom and son sex., jack owens, hobby photography, liberal news media, | Most people have some sort of debt. [ ...reply just to this | comment on the story... | next new ] 132. Re: Come down from your ivory tower by 0tim0 at Fri 2 Sep 1:43pmscore of 1 in reply to comment 130 r&b How can you claim that the economy is "doing fine" when most major economic indicators indicate that economy is doing far r&b worse than normal? Ok, GDP: grew at 3.8% in the first quarter, 3.3% second. The r&b 10 year average is 3.2%. It has grown every quarter for almost three straight years. Unemployment: 4.9%. The lowest in four years. The 10 year average is 5.1%. (For 20 years, it is 5.8%). In Germany and France it is currently at 11.6% and 9.9% respectively. The ISM index, which shows the strength of manufacturing fell to 53.6 last month. Any value above 50 means growth (in manufacturing). |
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Cost-push, and demand-pull. Demand-pull inflation arises when supposedly "too many dollars are chasing too few goods". This is the type of inflation that supply siders say film will result if the unemployment rate is too low. This is what I was talking about. Your first post indicated that this film is the type of inflation you were referring to as well. Cost-push inflation is what happens when the price of a ubiquitous input (oil) rises and creates price increases throughout the economy. This type of inflation is bad for everyone. Your second and film third posts are referencing cost-push inflation. I agree that high gas prices are bad. So, on the topic of the original argument, wages typically rise with inflation. Few people are on fixed incomes. (Demand-pull) Inflation has the effect of increasing earnings for most Americans. Not just those with out of control credit card debt or homes they can't afford. |
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