[lbo-talk] (no subject)

[Christopher Rhoades Dÿkema]

Question in response to this:

“Message: 8
Date: Mon, 30 Jun 2003 18:48:42 -0400
To: lbo-talk at lbo-talk.org
From: Doug Henwood <dhenwood at panix.com>
Subject: Re: [lbo-talk] inflation and Ernest Mandel
Reply-To: lbo-talk at lbo-talk.org

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 “

Is it possible that this is because military production is hgher-tech now,
therefore requires higher-tech production to produce it, and therefore
requires fewer workers?

Christopher Rhoades Dÿkema

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