News for hackers. Stuff that matters.
Re:Bank of England to explore a potential Central Bank Digit... by arcticbull on Monday April 19, 2021 @07:09PM (#26868867)
Wages have kept pace with inflation according to BLS data. Thing about wages though is that they're a social issue and a fiscal policy issue, not a monetary policy issue. Had there been no inflation, wages would have stayed flat in both notional and real dollar terms. The units don't matter, the quantities do. Pointing at monetary policy because the units shifted is not actually addressing the root of the problem.

There are no comments on this comment yet.