Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
I'm not saying nominal wage suppression is good, or that devaluation isn't a lot better, because it is. I'm just saying, let's not forget devaluations also mean lower wages, and lower wages are needed. Just not in nominal terms.

Peak oil is not an energy crisis. It is a liquid fuel crisis.
by Starvid on Mon Feb 20th, 2012 at 02:28:22 PM EST
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