An introduction to U.S. macroeconomic policy issues, such as how we use monetary and fiscal policies to promote economic growth, low unemployment, and low inflation.
Tuesday, September 21, 2010
Why No Amount of Fiscal or Monetary Stimulus Will Be Enough, Given How Small A Share of Total Income the Middle Now Receives
The problem with inequality is the lack of a sound money policy without it the bottom third of the population will see a continuing decline in their purchasing power over time. The unskilled portion of the work force has little leverage when it comes to increases in their wages.
The problem with inequality is the lack of a sound money policy without it the bottom third of the population will see a continuing decline in their purchasing power over time. The unskilled portion of the work force has little leverage when it comes to increases in their wages.
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