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4min chapter
An economy for everyone
The New Bazaar
Are We Already Remembering the Lessons of the Great Financial Crisis?
The world that existed in the decade or so after the great financial crisis was a world where we had very low inflation and also very slow growth, and also a very weak labor market. We're now living in a somewhat different experience. Most european countries, if you look at wage increases, wage increases are fastest for the lowest paid. This is enormous and it's unprecedented, and it's an extremely good thing. So we need to be a little bit worried about this, what i think to be a short term inflation problem when so much else is going well.
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