Why central bankers want higher unemployment
The David McWilliams Podcast
00:00
The Nairu Is a Reasonable Cost to Pay in the Fight Against Inflation
At the core of macroeconomics is this idea that the central bank and the government are in a battle for the right to say who controls the rate of growth. So imagine J.P.L. is as we speak in a robbed Honda Civic doing donuts. That's your thing, I'm sure you can figure it out. But just does that basic idea?
Transcript
Play full episode
