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JakeS:
And (b) the '70s inflation was imported

could you please explain/enlarge on this? are you referring to OPEC and the results of their change in policies then, lines at gas pumps etc?

'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 Sun Feb 19th, 2012 at 08:38:09 AM EST
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