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100 sats \ 1 reply \ @denlillaapan OP 15h \ parent \ on: Uncommon Opinion: Tariffs are for Free Trade (Financial Times, Oren Cass) econ
quite possibly. I'm not sure what he means, exactly... currency-infused competitive disadvantage or something?
Not sure how internal ZIRP was. Almost every country ran monetary policy with a similar outcome
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0 sats \ 0 replies \ @optimism 9h
If everyone else was doing ZIRP first and the Fed was forced to because all the other printers were doing brrr, then yes. That's not how I perceived it - rather the contrary - during those years but I may very well be observing it wrong.
However, ZIRP causing it or not, i still find it likely that such wage increase has an internal cause rather than an external one, but I need to do more research for that.
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