The hypocrisy of central bank discourse on inflation and wage restraint is staggering. Inflation is always and everywhere monetary until,

The hypocrisy of central bank discourse on inflation and wage restraint is staggering. Inflation is always and everywhere monetary until, well … it isn't. Chartbook #79 tries to unpick some of the tangled web of inflationspeak right now.
adamtooze.substack.com/p/chartbook-79… twitter.com/MESandbu/statu…

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