Our outdated inflation-targeting framework is completely inept for dealing with supply-side shocks; and workers always pay the price.
Our outdated inflation-targeting framework is completely inept for dealing with supply-side shocks; and workers always pay the price.
Higher wages are a good thing. It's disappointing to see the media report today's data as bad news. The problem isn't wages going up, it's our monetary policy framework...
Higher wages are a good thing. It's disappointing to see the media report today's data as bad news. The problem isn't wages going up, it's our monetary policy framework...