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Perhaps my main point is lost in the particular subject of inflation. The salient point in our current historical context is class war - as in most historical contexts. In the current epoch it is almost a global truism that distribution is more skewed than usual and that any improvement in socio-political conditions must reduce the differential.
External inflation via resource shock? Again, so what as far as the main argument? I submit, though, that such junctures are merely ruling classes at war via different means.
I also submit that both your and ARGeezer's comments about the French response to the petroleum crisis of the '70s are important to the real need, which is development of solutions: namely that the government stepped in via policy and investment.
As to discussions of core, external, cost-push, etc. inflation - please review my characterization in my first post. Please tell me how commodities-prices inflation, centered on petroleum-price inflation, is not class war. paul spencer
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