3 ms·
But, the argument that there is "too much money chasing too few goods" holds no water when at the same time, real wages have, until recently, been decreasing.
by Paul-Craft 3y ago
But, the argument that there is "too much money chasing too few goods" holds no water when at the same time, real wages have, until recently, been decreasing. Whatever has happened here is not due to the explanation in the standard economic texts.
- PaulDavisThe1st 3y agoOr, put differently: there may have been too much money "in the system", but it wasn't in the hands of working people.