What If More Rapid Wage Increases Are Actually Evidence Of Deflationary Conditions? Jeffrey Snider

Misreading inflationary wages for potentially deflationary labor hoarding, this would be another huge mistake along the same lines of bad subjective interpretation officials have made time and time and time again; most recently, 2019’s labor shortage. The Fed’s bias on the economy always is, despite all that average inflation-targeting nonsense, highly inflationary.

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