RE: Re: NIPA history and Fed follies

[Max B. Sawicky]

. . .  From a working class perspective, the principle
> underlying NAIRU -- for example -- could be more accurately called the
> "non-advancing emancipation rate of coercion" (NAERC). In the absence of
> such a number, it is nevertheless feasible to re-interpret the official
> statistics and challenge the hegemonic discourse about the meaning of
> those statistics.     > Tom Walker


We've done that number.  It's 126.4.

mbs