2 ms·
> It is not clear to me that anyone is doing anything about that (except, of course, in the negative sense.) Precisely - monetary policy in the English-speakin
by rodgerd 11y ago
> It is not clear to me that anyone is doing anything about that (except, of course, in the negative sense.)
Precisely - monetary policy in the English-speaking world has, since the 80s, been focused on avoiding inflationary pressures via avoiding "too much" growth. Anything that would lead to upward income pressure outside the executive suite is "too much".
- lintiness 11y agogood lord. read some history. if you're not afraid of inflation, you haven't lived long enough.