Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Wage suppression is retarded, stupid, idiotic, moronic, inane and does not work.

In the short run, it does work as long as you suppress the wages through currency devaluation. In the long run you don't even need devaluation for it to work. But in the long run...

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

by Starvid on Mon Feb 20th, 2012 at 01:29:24 PM EST
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