The fact that this Neo-Keynesian garbage resolves to solving inflation via inflicting intentional pain on the populace by forced unemployment is enough to lose me, besides the fucky pseudoscientific formulae they attempt to hide their reasoning in.
The interplay of Statist power and the “economic” intellectuals is truly sickening.
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Bank Underground
Markup matters: monetary policy works through aspirations
Tim Willems and Rick van der Ploeg Since the post-Covid rise in inflation has been accompanied by strong wage growth, interactions between wage and...