Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Oh, it will.* Through grinding deflation and nominal wage cuts. Eventually. But why wait?

* Unless it gets stuck in a non-full employment equilibrium.

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid on Thu Nov 3rd, 2011 at 09:14:23 AM EST
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