On Aug 4, 2010, at 11:05 AM, Michael Pollak wrote:
> On Wed, 4 Aug 2010, Doug Henwood wrote:
>
>> But the class effects are different. In a wage deval, the working class gets hammered. In a currency devaluation, those with foreign assets get hammered.
>
> Excellent point.
One that Krugman consistently misses, no?