
215 - Are interest rates the solution to inflation?
The David McWilliams Podcast
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The Key Factors Affecting Oil Prices
Russian leaders are more sensitive to prices than consumers of energy. The labor force is only about 65 % of the total population in any ranout. High wages are a very good sign, as long as productivity is going up. But if you're saying the great resignation is a problem, it's because it that the available pool of labour is smaller and then your wage inflation is higher. A society that has a re balancing where wages go up and the return to profits falls "is probably more healthy"
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