Louis Chauvel is a professor at the University of Luxembourg, he has notably published
The Destiny of Generations
(PUF, 2014)
, The Drifting Middle Classes
(Seuil, 2006) and
The Spiral of Downgrading.
Essay on the society of illusions
(Seuil, 2016).
LE FIGARO.
- Parliament has just passed a bill on purchasing power.
Beyond the cyclical causes of inflation, should we see in it the symptom of an impoverishment of French society?
Louis Chauvel.
-
Expecting a law to thwart the almost oceanic effects of shifting global monetary masses is like building a dam against the Pacific.
A law can curb the violent effects of brutal price distortions for a while, by partially reindexing fixed incomes or by the generous but punctual distribution of checks, to keep the budgets of populations in difficulty afloat.
But it cannot break the spiral of impoverishment, which no longer simply concerns the most modest...
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