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ThatBritGuy:
So the ECB is supposed to raise rates because wages in Germany are no longer stagnant?
Well, if you replace ECB with Bundesbank it begins to make sense...

Keynesianism is intellectually hard, as evidenced by the inability of many trained economists to get it - Paul Krugman
by Migeru (migeru at eurotrib dot com) on Mon Jan 31st, 2011 at 10:07:50 AM EST
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