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Inane? He's saying the same thing that we are, ie Greek wages must come down. The only difference is that he's arguing they should come down through depression->nominal wage cuts, while we argue Greek wages should be cut via devaluation of the currency.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Mon Feb 20th, 2012 at 12:49:27 PM EST
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