Tuesday, February 21, 2012

Steve Randy Waldman schools Matt Yglesias on unit labor costs


In an otherwise excellent post, Matt Yglesias commits one of the deadly sins of monetary policy:
Read it at Interfluidity
Restraining unit labor costs is a right-wing conspiracy
by Steve Randy Waldman

SRW flesh out my criticism of Yglesias in the comments here.

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2 comments:

Matt Franko said...

What is otherwise excellent about it?

February 21, 2012 11:51 PM
Dan Kervick said...

Actually, SRW made a mistake in interpreting Matt Y., a mistake which I repeated. JKH, Nick Rowe and I discussed in the comments and SRW added an update.

February 22, 2012 4:57 PM

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