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the two percent solution


its official...
all the northlands central banks agree

the core inflation rate
must have a no fly zone
that starts at ...2%

wagery beware

============================


okay so its really all about
controling nominal wage rate hikes


proof inflation control
has no general house hold welfare aspect

ie
its not 'about'
softee shit like middle income household
cost of living

huge commodity hikes are ignored

and lot inflation encouraged

the control preoblem
is how to max productivity growth
as reflected in trans nat global earnings

this can't be piecemeal

the north environment must be adjusted to retain long run neutrality

while southland penetration rates
and trade loop backs north are .... 'optimated '

but hey

no calc is perfect any more then any commodity market

u just do the best you can
given your bounded reach and info

Posted by lady eve at June 15, 2006 08:25 PM

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