Re: 1970's redux and where do we go from here?

To: PEN-L@xxxxxxxxxxxxxxxx
Subject: Re: 1970's redux and where do we go from here?
From: "Perelman, Michael" <MPerelman@xxxxxxxxxxxx>
Date: Sat, 22 Apr 2006 13:19:28 -0700
Thread-index: AcZmPMZWRg5BpkWsSWGxQHkzd+NfLAADLR7g
Thread-topic: [PEN-L] 1970's redux and where do we go from here?

I am not sure that I buy Loren's inflationary interpretations.  I see 4
conflicting forces.
1. Speculation, as in housing, which is probably cyclical, not a long
term trend.
2. Manufacturing, which has a long run deflationary trend.
3. Raw materials, which have a long run inflationary trend.
4. Intellectual property, which has a long run inflationary trend.

I am not sure about how effective governments are in reflating if the
economy begins
to sink.

Michael Perelman
Economics Department
California State University
Chico, CA
95929

Follow-Ups:
- Re: 1970's redux and where do we go from here?
  - From: Jim Devine

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Thread context:
- The McMansion backlash, raghu Sat 22 Apr 2006, 18:54 GMT
  - Message not available
    - Re: The McMansion backlash, Louis Proyect Sat 22 Apr 2006, 18:58 GMT
      
      Re: The McMansion backlash, Michael Perelman Sat 22 Apr 2006, 20:13 GMT
- 1970's redux and where do we go from here?, michael perelman Sat 22 Apr 2006, 18:44 GMT
  - <Possible follow-up(s)>
  - Re: 1970's redux and where do we go from here?, Perelman, Michael Sat 22 Apr 2006, 20:19 GMT
    - Re: 1970's redux and where do we go from here?, Jim Devine Sun 23 Apr 2006, 01:03 GMT
      
      Re: 1970's redux and where do we go from here?, Michael Perelman Sun 23 Apr 2006, 01:12 GMT
- The War Tapes, Louis Proyect Sat 22 Apr 2006, 17:19 GMT
- industrial detox, Eubulides Sat 22 Apr 2006, 14:20 GMT

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