Oil vey

[Michael Perelman]

Mikey had already observed some days ago that tight money is a poor
response to high oil prices.  Sorry if I strayed from the thread.

"Max B. Sawicky" wrote:


> gee whiz Mikey and Dougey, but couldn't you have
> truncated my argument a little more?  That was
> worse than Bill Hartman/Frankenstein singing
> White Christmas on SNL.
>
> The context was wages causing inflation, if I
> remember correctly.  Though it was almost three
> days ago.  Oil causing inflation is different
> from wages causing inflation.  Check Capital,
> Volume II, around page 600 or so.
>
> ms
>
> >>>>>>>>>
> Max Sawicky wrote:
>
> >oil is irrelevant

--

Michael Perelman
Economics Department
California State University
michael at ecst.csuchico.edu
Chico, CA 95929
530-898-5321
fax 530-898-5901