Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
If you have, broadly, 20% unemployment it will be a long time before you get wage push inflation

Isn't that the 'pushing on a piece of string' theory? I.e. it can work, but only after protracted efforts and many 'fails' first.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Sat Sep 27th, 2014 at 01:15:21 AM EST
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