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URL:  http://boards.fool.com/what-would-suggest-basing-pay-on-otherwise-pay-30772544.aspx

Subject:  Re: Proposal to end public pensions Date:  7/12/2013  11:54 AM
Author:  rubberthinking Number:  428587 of 465168


What would suggest basing pay on otherwise?

Pay is based on the least an employer can get away with paying.

But we've been doing it for decades (with no apparent ill effects). Heck we've done about 100% of GDP of it so far.

ah you cant have a GDP without printing money. The GDP is the money supply or the money supply is the GDP. There is a little wiggle room between the actual nominal GDP numbers the money supply nominal numbers because there are federal deficits and trade balances to account for in all of this.

Dave
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