3min chapter

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A Macroeconomics Perspective on Cryptocurrencies

Life Itself Podcast

CHAPTER

Monopony and the Smelt Ust

There was a symposium of labor economics on monopony and its effectively consensusposition that low bargaining power for workers is a thing. That doesn't even pass the smelt ust, does it? It? Your increasing the supply of something means there's more of it, which means that there's less bargaining power for you to have. And also, you know, people say that the fed creases in equality when it intervenes and market crashes. I don't have a position on that upper down, but i would be hardly convinced that the shift from the gold standard the fiat money cost a bargaining power shift between labor and capital.

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