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viburnum
on Aug 10, 2020
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The Most Counterintuitive Recession Ever
Monetary policy to "get inflation under control" is the same thing as "squashing the ability of workers to demand more money." Higher interest rates slow investment, employment drops, workers lose bargaining power. That was the point!
https://nplusonemag.com/issue-34/reviews/other-peoples-blood...
refurb
on Aug 10, 2020
[–]
Yet the economic expansion in the 80’s was some of the highest in the past 50 years.
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https://nplusonemag.com/issue-34/reviews/other-peoples-blood...