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| donal sutherland, girl power by hillary carlip, race, michael moore, insult, whitehouse.gov, musician jokes, humor, online music, francs2000, white civil rights, dermot mulroney, dennis hopper, extremist, ryan bowker, contemporary, | Not just those with out of holocaust denial control credit card debt or homes they can't afford. Most people have some sort of debt. [ ...reply just to this | comment on the holocaust denial story... | next new ] 132. Re: Come down from your ivory tower by 0tim0 at Fri 2 Sep 1:43pmscore of 1 in reply to comment 130 How can you claim that the economy is "doing fine" when most major economic indicators indicate that economy is doing far worse than normal? Ok, GDP: grew at 3.8% in the first quarter, 3.3% second. The 10 holocaust denial year average is 3.2%. It has grown every quarter for almost three straight years. Unemployment: 4.9%. The lowest in four years. The 10 year average is 5.1%. (For 20 years, it is 5.8%). |
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| This is the type of inflation that supply siders say will result extremist if the unemployment rate is too low. This is what I was talking about. Your first post extremist indicated that this is the type of inflation extremist you were referring to as well. Cost-push inflation is what happens when the price of a ubiquitous input (oil) rises and creates price increases throughout the economy. This type of inflation is bad for everyone. Your second and third posts are referencing cost-push inflation. I agree that high gas prices are bad. So, on the topic of the original argument, wages typically rise with inflation. Few people are on fixed incomes. (Demand-pull) Inflation has the effect of increasing earnings for most Americans. |
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