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If supply and the rate of profit were fixed, then all wage increases would be inflationary (they’re not)

March 30, 2022 by indyfinance Leave a Comment

Become a Patron! The other day I listened to a podcast with Larry Summers, former Treasury Secretary and "Just Asking Questions About The Biological Basis Of Female Intelligence" President of Harvard discussing his pessimistic view of the inflationary landscape. Since I'm an inflation skeptic I went into the episode expecting to disagree with him, and I did, but not for the … [Read more...] about If supply and the rate of profit were fixed, then all wage increases would be inflationary (they’re not)

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