“This implies 1 more interesting thing,” Prince co-CIO of Bridgewater says. To get inflation down, you need unemployment -> cuts spending. How do you cut employment? Falling profits is what causes higher unemp -> profit decline of 20% is needed.
ft.com/content/e9d820… https://t.co/wPHNFGpFif
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,…