This reminds me of the observation that a perfect (i.e. zero-drag) kite would rocket straight to the top of its flight envelope and then dive-bomb the person holding the strings.
Yes! I'm so glad your comment didn't get lost in the shuffle.
This is just a boring repeat of all the people who once read an Econ 101: Intro to Macroeconomics textbook, and then sit and describe the world economy based on these first step economic theory building blocks.
More bluntly - no effing clue.
Like the guy who argues that wage prices will find a "natural level", because he is still using a base model that assumes labor is 100% fluid.
Yep, we'll all just move to Vietnam and wages will average out.
