Quote:
Originally Posted by mcsluggo
you could use the exact same analogy to observe that during the 20th century Western economies (and the US in particular) experienced unprecedented levels of growth and prsperity, in spite of the inherently inflationary environment they operated it. BUt that doesn't stop you from breaking out the "fear of inflation Armageddon" crackpipe either...
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that's fair enough. i don't think i've argued that economics is easy.
