>
> On Nov 18, 2006, at 4:59 PM, tfast wrote:
>
> > Do you have a ref for that quote from Friedman it would be very
> > useful to
> > me.
>
> By the way, the consequence of this fear-induced wage restraint was
> that AG let the unemployment rate fall to the lowest level since
> 1969, 3.8%. Which tightened labor markets, led to broad real wage
> increases, and brought the black poverty rate to its all-time low. Of
> course it was all based on an unsustainable boom, but is the best
> thing you can say about Greenspan.
>
> Doug
>
Silly DH: Did I not mention the floor on the FLU also may change within a
matter of years. I can just feel my Nobel award coming soon!
Travis
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