The Plutocrats Go Wild

James K. Galbraith

A chapter in Unbearable Cost, 2006, pp 36-38 from Palgrave Macmillan

Abstract: Abstract Next year’s economic difficulties are already on the horizon. Growth is slowing, as the housing market cools and consumers rein in their spending. Inflation is rising a bit, driven mainly by oil prices, health care costs, and corporate price increases fueling a spectacular recent profit surge. Job creation is weak and wages are flat. This is the New Stagflation — an unpleasant reminder of the economic cost of unilateral war.

Keywords: Interest Rate; Housing Market; National Labor Relation; Consumer Spending; Missile Defense (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23672-1_10

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DOI: 10.1057/9780230236721_10

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