The Rise And Fall Of Monetary Policy - Ian Macfarlane
The Joe Walker Podcast
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The History of Inflation in the Second World War
All those features I described disappeared. They were replaced. Capital started to win and labor started to lose. In most countries, the labor share of GDP has declined. Wage growth has been very modest,. affecting the US, it's almost been nil for decades in real terms. Trade union membership has declined and income inequality has increased. It's a different world in that sense.
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