On  4 Feb 97 at 15:03, Tom Walker wrote:

> Yeah, but. Stay tuned for "The End of NAIRU," coming soon to a listserv near
> you. Two years from now you won't be able to find an economist anywhere who
> will admit to having believed in the 'natural rate of unemployment'. Print
> this prediction and paste it on your monitor, if it doesn't come true, send
> me the paper and I'll eat it.

That seems to be a pretty bold prediction.
Please elaborate.

MBS
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Max B. Sawicky            Economic Policy Institute
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