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DemocratSinceBirth

(99,708 posts) Fri May 4, 2018, 09:01 AM May 2018

I'm not John Maynard Keynes or Friedrich Hayek

I'm not John Maynard Keynes or Friedrich Hayek but if wage growth is 1% per annum and inflation is 2.5% per annum doesn't that suggest wage earners are falling behind ?

2 replies

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I'm not John Maynard Keynes or Friedrich Hayek (Original Post) DemocratSinceBirth May 2018 OP

Yes. marylandblue May 2018 #1

I was going to say that too Cary May 2018 #2

marylandblue

(12,344 posts)

1. Yes.

Reply to DemocratSinceBirth (Original post)

Fri May 4, 2018, 09:13 AM

May 2018

And if you look at long term charts of this, real wages have been stagnant or falling for a long time.

PS. Don't buy the libertarian nonsense that Hayek was the equal of Keynes.

Cary

(11,746 posts)

2. I was going to say that too

Reply to marylandblue (Reply #1)

Fri May 4, 2018, 09:31 AM

May 2018

Keynes was brilliant. Simply read Keynes amazing essay, The End of Lassaize Faire Capitalism to see how amazing he was.

Hayek was not Keynes' peer.

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