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| world'stallest woman, best rock & pop music online, e voting, mysql, bloody mother fucking asshole, assassin, photo, satanic, fiction / general, american mystery & suspense fiction, mandrake, stories, b52, survey, gnome, martha wainwright song lyrics, | just to this | comment on the story... | next new ] 132. Re: Come cyber down from your ivory tower by 0tim0 at Fri 2 Sep 1:43pmscore of 1 in reply to comment 130 cyber How can you claim that the economy is "doing fine" when most major economic indicators indicate that economy is doing far worse than normal? Ok, GDP: grew at 3.8% in the first quarter, 3.3% second. The 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%). |
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| This is what I was talking about. Your first post indicated that this is the type of inflation you stories were referring to as well. Cost-push inflation is stories 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 third posts are referencing cost-push stories 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. Most people have some sort of debt. [ ...reply |
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