Wage-price spiral is dead. Since 1980s labor costs do not predict inflation. But Fed still haunted by the 1970s. https://t.co/8av09hsFdm
RT @daniel_dsj2110: Discussion between Hayek and Aron in 1980 in which Pierre Rosanvallon overheard Aron remark: “Why did they bring
May 15, 2021
RT @daniel_dsj2110: Discussion between Hayek and Aron in 1980 in which Pierre Rosanvallon overheard Aron remark: “Why did they bring me aro…