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Daily Archives: July 19, 2023
Where’s the Wage-Price Spiral in This Chart? Maybe a Price-Wage Spiral? Or Just Not Much Linkage At All…
If the data suggest price increases are driving inflation, the inflation “debate” ought to center on… prices not wages. Especially if the data also suggest wages are not driving inflation (very much). The one thing we should NOT do? Pretend … Continue reading
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