When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
In a New York Times op-ed Monday, Paul Krugman criticized European governments for under-reacting to the financial crisis:
A strong rebuttal appears on the Models & Agents blog (also posted on RGE Monitor). Here's an excerpt:
Read the whole piece here.
Read next
The AI Safety War in My Back Yard
In the contest between Micah Lasher and “AI guy” Alex Bores, is Bores a wolf in sheep’s clothing?
Assessing Bidenomics
Is the Biden administration’s economic policy a break with neoliberal orthodoxy, or more of the same?