In Jim Devine's communication on the COJL, he recopies a summary from the
BLS Report:
" [T]he last time the jobless rate sank as low as it is
today -- in the late 1980s -- wage increases and inflation
accelerated, forcing the Fed to raise interest rates in 1988
and early 1989 to cool off
from the BLS daily report that Dave so thoughtfully and
helpfully posts: >>John M. Berry, writing in The Washington
Post "Trendlines" column (page C6), discusses how fears
about job security may hold down inflation. He points out
that the last time the jobless rate sank as low as it is
A slow week on the list. Thought I would lighten it up
with some Drugs. Not only for pleasure, but the issue
of the involvement of official US agencies never seems
to go away. This is a much shortened version of PR on-line.
Dave Richardson
--
PROGRESSIVE REVIEW
ON-LINE REPORT #42
Dece
I appreciate Jim's thoughtful and detailed comment. I am glad that
he tackled hard questions to open up the discussion of socialism. Here I
have a few thoughts on the matter.
Jim says:
>
>To be socialism from below, it has to be the oppressed themselves
>who make it. The development of
I'm curious what pen-l folks have to say about capital mobility restictions,
such as a return to a fixed exchange rate system, as a means for stabilizing
local economies. Personally, I have a hard time inagining it. Do you think
it's feasible? What other controls on capital mobility exist, h
