…this is a game changer (via left foot forward): the Bundesbank finally understands. Economic policies aimed at financial deregulation, low wages and asset price increases instead of low unemployment, high employment and high income have failed."Finally understands," or getting cold feet at the carnage and prospect of dire potential social and political outcomes.
Maybe it will come to be called "the Piketty Effect."
Real-World Economics Review Blog
Bundesbank calls for higher wages across Eurozone
Merijn Knibbe
But see Bill Mitchell, No fundamental shift of policy at the Bundesbank
