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There's sometimes some concern about low inflation, but as long as "deflation" can be avoided as a topic of discussion, it doesn't reach alarm proportions.

Anyway, since growth and jobs come from austerity...

by afew (afew(a in a circle)eurotrib_dot_com) on Mon Oct 6th, 2014 at 11:43:48 AM EST
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A key argument why Labor market liberalization is supposed to generate growth, is that it allows to deploy capital in the most effective way. But even if this is true, it can only work if capital is deployed at all. And to do this you have to have a central bank which is committed to keep inflation up (see Federal Reserve). Since this is not the case in Europe, labor market reform will be a major disaster.
by rz on Mon Oct 6th, 2014 at 03:37:03 PM EST
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