[lbo-talk] Krugman: you can't have a wage/price spiral w/o wages

Doug Henwood dhenwood at panix.com
Mon Jun 19 11:05:46 PDT 2006


On Jun 19, 2006, at 1:02 PM, Julio Huato wrote:


> But the hostages of
> high rates and a strong dollar are not just average manufacturers, or
> regular folks with mortgages and maxed out credit cards. It's also
> the federal government, the guy with the money printer.

Oh yeah, something that has grown is the debt of quasi-gov't entities like Fannie Mae and Freddie Mac. Their debts are big, but nothing that a few repossessions and reschedulings couldn't deal with.

Doug



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