Debunking Economics - the podcast cover image

The Bank of England’s totally wrong response

Debunking Economics - the podcast

CHAPTER

How to Crush Inflation by Putting Up Interest Rates

Three factors markups by firms. I hate to say labor productivity but the productivity of the manufacturing sector and then workers wages. It's the first two not the third which is caused the inflation. Can you crush that inflation by putting up interest rates? Yes you can if you then crush the demand at the other end what you're talking about.

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