The Big Story: a 100+ year near-record decline in commodity prices is enabling continued record wage growth and employment
This is the Big Story: a 100+ year near-record decline in commodity prices is enabling continued record wage growth and employment – by New Deal democrat No important economic data today, so let me elaborate on the matter of “immaculate disinflation,” i.e., the decline in inflation without a decline in growth. I’m going to argue […]