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Judy Shelton: No, Inflation Isn’t Good for Workers
The public understands that nominal wage gains are an illusion when the cost of living keeps rising. An odd notion seems to have taken hold in Washington: that the Federal Reserve’s easy monetary policy is good for workers. Near-zero interest rates are being hailed as the key to higher wages—even as consumer prices are increasing at the
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Posted: July 25, 2021 Sunday 04:32 PM