What it really shows is that Russia was running far below capacity. ‘Hot’ they are acting like its a bad thing that real wages (which include inflation) is rising unlike the West. One has to wonder why U.S. isn’t running ‘hot’ despite $800bn in military spending. Could it be that much of the spending leaks away into ‘savings’ (money hoarding MIC) or imports?
What it really shows is that Russia was running far below capacity. ‘Hot’ they are acting like its a bad thing that real wages (which include inflation) is rising unlike the West. One has to wonder why U.S. isn’t running ‘hot’ despite $800bn in military spending. Could it be that much of the spending leaks away into ‘savings’ (money hoarding MIC) or imports?
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