New economy, one way or the other

Wojtek Sokolowski sokol at
Fri Mar 3 12:05:04 PST 2000

At 12:36 PM 3/3/00 -0500, Nathan Newman wrote:

>consumers will bid up prices and ignite an inflationary cycle. Since the
>oil price spike is completely independent of consumer actions, it does seem

Howcome? Gas prices increased precisely because the demand remains constant - that is, beacuse of the consumers action, specifically failure to respond to market signals.


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