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Is MMT Real? #4: J.W. Mason

RABBITHOLE

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Is There a Way to Break This Wage Price by All?

Businesses have lost their pricing power not because of competition within the country but because of international competition that it's much harder for American businesses to pass on price increases wage increases as price increases. To get any kind of real redistribution to wage earners and particularly the lower wage earners we're going to need a period of sustained inflationary pressure, says Alan Greenspan.

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