GUESS HE HASN’T READ “NEW RULES FOR THE NEW ECONOMY”

“The law of supply and demand has not been repealed. If labor demand continues to outpace sustainable increases in supply, the question is surely when, not whether, labor costs will escalate more rapidly.”

Federal Reserve Board chairman Alan Greenspan, playing party-pooper to the digerati’s stock rally, Wall Street Journal, 8 October 1997

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