2006 | OriginalPaper | Buchkapitel
The Plutocrats Go Wild
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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.