theory that states higher wages will motivate workers to work harder and thus increasing labor productivity. Many do all the time. Did he start at a 50 a day job, like John. This will not cause a huge unemployment rate and over inflation to occur in the country. At that rate, the IMF said inflation will be below the European Central Bank's target of just under, while unemployment will stay high.
Hurricanes are good the "broken window" fallacy, rising oil argumentative essay on legalization of weed prices are good, and ATMs are bad, we were advised: Destroying capital, lower productivity and costly oil will raise inflation and occasion government spending, which will stimulate output. Tyrant and victim describes the relation, yet without cruel intent of the one or knowledge by the other of who his oppressor. We don't see. As Thomas Sowell says, foolish statements about economics are now being made by economists as well as by otherwise ignorant commentators. The government to whom they paid taxes and the men they voted into office were either unwilling or unable to fix the problems.
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