[lbo-talk] inflation and Ernest Mandel

Doug Henwood dhenwood at panix.com
Mon Jun 30 15:48:42 PDT 2003


Lance Murdoch wrote:


>
>Ernest Mandel says inflation occurs because workers are paid to work in
>the defense industry, but the goods are not used by consumers, so
>inflation occurs in the chase for commodities.

So why did inflation fall during the Reagan buildup, and is falling again during W's?

Doug



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