How can it be fair that so many people have had their incomes squeezed in real terms - and often nominal terms as well?

BBC: Britain's recession: Harsh but fair?

We think the U.S. and ultimately Europe will be headed in the same direction in terms of sustainably low real rates, at first through low nominal rates and later through inflation.

FORBES: Germany Votes To Allow Exit From Euro

Since 2005, when China started de-pegging gradually from the dollar, the yuan has appreciated around 25% in nominal terms and about 50% in real terms relative to the dollar, according to a report by The Economist.

FORBES: For China's Yuan, China Knows Best

The renminbi has appreciated by 9.3 percent in nominal terms and 12.6 percent in real terms against the dollar since June 2010.

FORBES: U.S. Treasury Sticks It To The China Haters

Peoples wages and incomes have to fall in nominal as well as real terms.

FORBES: Greek Crisis: Austerity Doesn't Work

It would oblige Argentina to continue trying to adjust its real exchange rate by deflation (cutting nominal wages and prices in nominal terms), a process which has already forced the collapse of many businesses.

ECONOMIST: Struggling on | The

During this dreary ten year stretch stocks have essentially gone nowhere in nominal terms and, adjusting for inflation, are actually down big in real dollar terms.

FORBES: The January Barometer Demystified