Read it at Interfluidity
In an otherwise excellent post, Matt Yglesias commits one of the deadly sins of monetary policy:
Restraining unit labor costs is a right-wing conspiracy
by Steve Randy Waldman
SRW flesh out my criticism of Yglesias in the comments here.
2 comments:
What is otherwise excellent about it?
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.
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