If I read @IMFNews WEO Oct 22 correctly, it is devastating to "wage-price spiral"-fear-mongering
a. in most episodes like present, nominal wages do not track inflation -> real wages fall
b. passthrough from wages to prices is, in fact, modest to non-existent in US economy. https://t.co/b8aWcuoEn6
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…