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Jul 08
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ear in mind that inflation usually runs below the rate of wage change, thanks to productivity growth. So we’re really heading into Japanese-style deflation territory. (via Smells like deflation - Paul Krugman Blog - NYTimes.com)

ear in mind that inflation usually runs below the rate of wage change, thanks to productivity growth. So we’re really heading into Japanese-style deflation territory. (via Smells like deflation - Paul Krugman Blog - NYTimes.com)

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