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A slow and steady inflation through the 1950's, reaching 186.4% of 1929 prices by the election year of 1960, did not prevent, despite the terrific growth of the '50's, two further recessions, in 1953 and 1958.

that London would be twice as large...

and that nevertheless the rate of mortality would have diminished to one-half,...

Wage levels otherwise are to the welfare of workers -- i.e.

Somebody has to cut prices.Question #2: If a business must cut prices to sell its inventory, will it not also cut wages to preserve its profit margin, meaning that the growing value of deflating wages will simply be offset by wage cuts?

He’s going to have to spend money, but it won’t be enough.

Wages will indeed fall with prices in a deflation, but falling nominal wages in the post Civil War era actually meant rising real wages: Wages did not fall as fast as the prices of goods.

Wages must not come down, they must not even stay on their present level; they must go up.

Referendum on Europe," , Tuesday, January 3, 2012

This may be what is meant by "making money." But many people with large incomes simply spend them, which means in the end they actually end up "making" no money.

Regnery, "Balancing Acts," , October 2011, p.6 Robert J.

Anyone who thinks that $100,000 year would be a nice income, and might be able to invest money at a 5% return for a year, needs to save and invest $2,000,000 to get the desired income.

Barro (Harvard), "Keynesian Economics vs.

Ms. Geras was born and raised in New York City. She obtained her B.A in English Literature with a focus on Secondary Education and minor in Media Studies at Hunter College City University of New York. Her interest in the global community has led to her studying Spanish at Universidad Antonio de Nebrija, Madrid and completing a course in cultural studies at Deakin University in Australia.

The missing piece is a global growth agenda led by a U.S.

After obtaining her TEFL certificate, she worked as an English teacher for the Association Culture Linguistics Education in Italy. Here she primarily taught children aged 5-12, developing her versatility as a teacher for children of various ages, needs and backgrounds.

They have thus prevented a large measure of unemployment., , November 1930 ( unemployment),

I want to see people get enough to eat.

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We are spending more than we have ever spent before and it does not work.

He proved his case, while his adversaries could not prove theirs.

When the expansion in the Russian money supply was brought, somewhat, under control, wages still declined in relation to production, since real wealth, production, still declined, whether massive inflation occurred or not.

Mellon thought government should do nothing. This advice manages to be both stupid and wicked.

miles down the road toward the social democratic model he so admires.

A more substantial meaning for "making money" is therefore to money out of one's income, put it away, invest it, and then have the income of those investments even after loss of one's previous, regular income, as at retirement.