Keynes on wage cuts
    Doug Henwood 
    dhenwood at panix.com
       
    Fri Dec 20 14:07:10 PST 2002
    
    
  
Keynes, Treatise on Money, vol. 2, p. 154
"As between a policy of lowering money wages or one of letting prices 
rise, it would be natural - and sensible - to prefer the latter."
    
    
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