[lbo-talk] Canadian dollar trades above 80 cents US, highest point in more than a decade

Doug Henwood dhenwood at panix.com
Thu Oct 21 07:30:25 PDT 2004


Tom Walker wrote:


>And I, Sandwichman, aka Tom Walker, am offering five thousand of
>those high flying loonies (at 80 cents per, that's $4,000 U.S.
>bucks) to the lucky ducky who can authenticate the claim that
>advocates of reduced working time or work sharing necessarily
>"believe there is only a fixed amount of work to be done" as claimed
>in the October 18 report prepared by former IMF head Michel
>Camdessus for the French Ministry of Finance. Or as the report puts
>it, "La logique de partage repose sur l'hypothèse qu'il existe, dans
>l'économie, une quantité d'emplois déterminée et fixe."

Since this is - rightly - an obsession of yours, I'm wondering: in the hoax version, who or what fixes the fixed supply of labor? How can you fix anything in a highly dynamic system?

Doug



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