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Reply #32: It's not theory, it's economic facts. [View All]

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OrwellwasRight Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-31-11 08:07 PM
Response to Reply #26
32. It's not theory, it's economic facts.
Do you really think it is important to somebody who has no job cares if there is inflation or not? If you have no income, it does not matter what the dollar is worth. Moreover, why do you think wages have been STAGNANT since the 70s? Because we don't have full employment. When the employers can play us off each other because there is a huge surplus population of workers, of course wages won't grow. If we stop focusing on controlling inflation and focus on creating full employment, people WILL have enough money to pay for groceries.
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