Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
To zeroth order, profits and wages are symmetric in the firm's cash flow. So if profits cause inflation, wages do too.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Fri Nov 19th, 2010 at 08:14:38 PM EST
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