There Is No Such Thing as a Wage-Price Spiral
April 2, 2024
6 min
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4,429 of 4,836
April 2, 2024
There Is No Such Thing as a Wage-Price Spiral
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6:01This episodeThere Is No Such Thing as a Wage-Price Spiral
Summary
The wage-price spiral is a popular explanation for why a temporary inflation might persist or even accelerate. Economist <a href="https://www.bryancutsinger.com/" rel="noopener noreferrer" target="_blank">Bryan Cutsinger</a> says <a href="https://www.amazon.com/War-Prices-Popular-Misconceptions-Inflation/dp/1952223865" rel="noopener noreferrer" target="_blank">the wage-price spiral narrative is unsupported by the empirical evidence</a>.</p><hr /><p style="color: grey; font-size: 0.75em;"> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color: grey;" target="_blank">acast.com/privacy</a> for more information.</p>
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