Macroeconomic 'shrinkflation'

…it for business operations, which facilitates a motivation, especially if labor organizing is weak, to cut labor costs and pursue nominal wage reductions, especially if aggregate demand is not sufficient for businesses to meet profit expectations, and for governments to afford deficit spending. If the interest rate is set low, and is followed s…
RIP Money Neutrality
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Monetary Policy Institute Blog
Stephen Yearwood
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Mar 20, 2024
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Macroeconomic 'shrinkflation'
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Written by Stephen Yearwood1.4K Followers
·148 Following
M.A. in political economy (money/distributive justice) "Please don't confront me with my failures/ I'm aware of them" from "These Days," as sung by Gregg Allman
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