Post-2008 GFC: The Silent Depression | The Snider Series | Episode 5 (WiM102)
The "What is Money?" Show
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Is There a Low Unemployment Rate?
A low unemployment rate therefore gives you as a sense of an economy that's workingut when it's exactly the opposite. People clearly are going to fall out of the work force over time if wages, or, you know, real wages, are flat and productivity keeps going up. But i don't think it would ave been as severe as it has been because of the deflationary consequences of two thousand eight crisis. I mean, there wure any number of structure of problems to begin with. And then once it broke down and yo no longer had the monetary resources behind it, now that structural problem, where we have these labor and balances, is like this impossible and ano a imped
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