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.
What is otherwise excellent about it?
ReplyDeleteActually, 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.
ReplyDelete