With unemployment still high and money wages till recently running behind prices, there seems little danger of prices spiralling.
OK, maybe money wages haven't risen much since 1973 for the typical worker.
Ultimately, the real income changes are comparable under the two systems, but the currency depreciation option does not require money wages and benefits to decline, where stickiness leads to unemployment.
Of course, in real life it will take some time for reductions in money wages to phase in, as raises are curtailed or new workers are offered less attractive terms.
FORBES: Little Firms, Big Mistakes: How Should Small Employers Respond to Health Reform?
However, since Greece shares the Euro with 15 other nations and is a very small portion of Euro-zone economic activity, most of the real income adjustment has to come through declining money wages, benefits, etc.
If charter schools were free to spend money on wages instead of pension benefits, they might be able to hire more and better teachers.
In effect, low- and moderate-income taxpayers (who make most of their money from wages) will benefit a bit more from cuts in the corporate tax.
FORBES: Who Pays The Corporate Income Tax? Workers Bear The Burden, Too.
Money meant for wages and pensions has been diverted to other ends, sometimes corrupt ones.
That torrent of money drove up wages far faster than productivity improved, while cheap borrowing led to major deficit spending.
WSJ: The Weekend Interview with Bernard Connolly: Why the Euro Crisis Isn't Over
Some bank customers had reported waiting for money, including wages, to be transferred into their accounts, and now not knowing when the payments would arrive.
One of Mr Levy's first jobs was to scrape up the money to honour unpaid wages.
More money in the system just means more money being offered in wages to those best footballers.
FORBES: Rangers Bankruptcy: This is What Happens to Companies That Rely on Human Capital
Training female doctors as opposed to male is therefore a bad investment of our tax money: and perhaps wages should be adjusted so that we can get some of that back.
Still, given the desperate state of the Ukrainian economy which is fast running out of money to pay public wages and pensions, Ms Tymoshenko did better than might have been expected.
If money does not move towards people without wages and security, workers will follow the money trail.
It's just that virtually none of that additional money flowed through to raise wages.
Nor were other indicators such as money-supply growth or wages pointing to rate cuts.
In a statement, the party denied making any "systematic payment to certain people of money other than their monthly wages".
BBC: Spain ruling Popular Party denies slush fund allegations
Some will stay taking advantage of higher wages, sending money home.
Well I hope your son can face all that and meanwhile I hope he manages to pay this money back out of his wages and open another account somewhere.
It was an experience they learned a great deal from, not the least of which was the importance of managing money, paying taxes on wages and having to match dollar for dollar.
In the absence of the next, 8 billion euro loan from its European partners and the IMF, the Greek government will soon simply run out of money to pay public sector wages and pensions.
The lawsuit on behalf of up to 100, 000 borrowers claims lawyers at Mel Harris then used those statements to obtain default judgments against the consumers and threaten to garnish their wages or freeze money in their bank accounts.
FORBES: Judge Allows RICO Suit Over Debt-Collection Tactics To Proceed
When the value of money declines, the value of wages paid in that currency declines too.
And which of us really believes that any government will be able to expand every year the amount of money it gives to those whose wages have stalled?
Now, it faces a squeeze as borrowers neglect mortgage payments on houses they may never live in again while depositors withdraw money to make up for lost wages or to buy a ticket to emigrate.
John Robertson, an economist in Harare, says the country's hyper-inflation is being driven primarily by the government borrowing money to cover recurring costs such as wages and operating expenses.
He carried on doling out public money and raising pensions and public-sector wages while shunning reform.
Everything else from credit to money supply to quarterly earnings releases to minimum wages is just a tool or else a meaningless characteristic of an economy.
应用推荐