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on how public investment proposals would be inflationary, and please cite specific studies to buttress your view that moderate inflation is bad for workers.

But this doesn't help explain why workers show a distinct preference for employment protection over protection of inflation. How to explain that?

Your neo-lib bogeymen haven't broken the indexation either, not even close and they can't right now either. But give Europe 20% unemployment again, and we'll see. That's what your policies will lead to.

Understood on the ost-mark conversion, that was a disaster. Which French President went along with that whole programme and used essentially political graft to get re-elected via illegal campaign financing?

Fai de bèn a Bertrand, te lou rendra en cagant

by redstar on Thu Jan 1st, 2009 at 11:40:45 AM EST
[ Parent ]
I'm not seeing inflation indexed wages where I live. In fact, I see eroding real wages for many lines of work. Just last Fall, real wages for unskilled workers eroded by almost half a percent. And I see pensions and other transfers indexed below inflation (below the official inflation, and if you believe the official inflation figures then I have some CDOs I wanna sell you...).

- Jake

If you only spend 20 minutes of the rest of your life on economics, go spend them here.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Jan 2nd, 2009 at 05:49:50 AM EST
[ Parent ]

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