tag:blogger.com,1999:blog-9311998.post115820916071454523..comments2024-03-27T07:47:11.168-07:00Comments on LA REVUE GAUCHE - Left Comment: US Housing Market CrashEUGENE PLAWIUKhttp://www.blogger.com/profile/11736971647879996375noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9311998.post-1158319013610173192006-09-15T04:16:00.000-07:002006-09-15T04:16:00.000-07:00You are correct it is also real wages, inflation a...You are correct it is also real wages, inflation adjusted wages. Even though workers here on average are making two dollars over minmum wage, and even as high a ten dollars an hour, which I consider the base for a living wage, it does not keep up with the hot housing market that jumped 20-30% in six months.<BR/>Thanks for the links...LETS is an interesting system which was used in Argentina when their currency collapsed, and I would point you to checking out the Mutualist writings of Kevin Carson for an interesting take on anarchist economics.....see my link inthe sidebar under blogs I read.EUGENE PLAWIUKhttps://www.blogger.com/profile/11736971647879996375noreply@blogger.comtag:blogger.com,1999:blog-9311998.post-1158294457488108042006-09-14T21:27:00.000-07:002006-09-14T21:27:00.000-07:00Interesting analysis, Eugene.You talk of "average ...Interesting analysis, Eugene.<BR/><BR/>You talk of "average wages" not keeping up with the housing boom; however, it might be real wages, or the inflation-adjusted real purchasing power of a unit of labour that's not keeping up as well.<BR/><BR/>I'll be keeping a close eye on this in my new job down in the US (yeah, I joined the brain drain, but I'll be back - Calgary just doesn't like me).<BR/><BR/>In the spirit of reciprocity, I'll share with you my favorite treasure trove of reading materials:<BR/><BR/><A HREF="http://www.complementarycurrency.org/materials.php" REL="nofollow">http://www.complementarycurrency.org/materials.php</A><BR/><BR/>Read Michael Hudson's "The Mathematics of Compound Interest". He's a very unorthodox economist who is schooled in non neoclassical economics and is one of my favorite authors.AWGBhttps://www.blogger.com/profile/16639336770467631285noreply@blogger.com