Thanks for the book recommendations.. Check out an article by Irish economist David McWilliams on how technology disruption is keeping wages and inflation low. I thought it was very insightful. https://woodfordfunds.com/words/insights/behind-the-curve/#main
RE: Central Bankers Want to Have Their Cake and Eat It.
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Central Bankers Want to Have Their Cake and Eat It.
I will thanks. One thing I would say though is that inflation is the increase in the money supply and what David McWilliams means is that technology disruptions is keeping some prices from rising.
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He also links this to low wages which results in less spending in the economy . As wages are low and companies cannot then increase costs, there's not the appettite to send on replacing cheap workers with technology. Lots of variables ! Whats the point increasing the money supply if companies aren't using it to invest.
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