Of course, I know that the term "financial repression" is commonly used. I was just struck by the frequency of its use in the book, making me think about how unlikely labor repression would be used by such people. Instead, labor repression is a justifiable blow against inflation.
On Sat, Oct 17, 2009 at 11:10:09AM -0700, Jim Devine wrote: > > Rogoff's use of the term "financial repression" but not "labor > repression" is standard, likely because so many economists play the > market and/or own significant amounts of financial assets. R.J. > Gordon, for example, is against inflation-indexing of wages but is in > favor of it for bonds. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
