From: Dehede011@aol.com
Date: Tue Sep 03 2002 - 15:33:35 MDT
In a message dated 9/3/2002 10:01:49 AM Central Standard Time,
talon57@well.com writes: The above doesn't mention productivity, but per
capita income growth. In real dollars (pre-inflation adjusted) it's been
stagnant for most people for more than a decade
Try "since the Nixon years." Nixon put in price wage controls at everyone's
urging. When he took the controls off he immediately (almost) experienced a
slow-down.
It looks like everyone had filled up their inventories knowing the
controls were about to be removed. As soon as the controls were off, the
prices seemed to go up, and the purchases went down followed almost
immediately by layoffs. Later we got ham handed Jimmy Carter. Between the
two of them we haven't been the same since. IMHO
Ron h.
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