Introducing Big Ideas 2023
FYI - For Your Innovation
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Do You Think We're in a Wage Price Spirale?
Larry Summers says businesses are going to feel like a wily coyote. They're still hiring like crazy as activity is falling. So you know, they may be looking over the cliff. The Phillips curve basically says that employment and inflation are positively correlated. When employment goes up, the odds are high that inflation will go up.
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