Richard Bernstein on Quantitative Analysis
Masters in Business
00:00
Is There a Wage and Price Spirale?
A prominent economist recently said that we don't have a wage and price spiral because wages aren't keeping up with prices. So let me push back on that a little bit. We had the oil embargo and oil is the lifeblood of the economy. But dear Lord, everybody is stuck at home for a year. Right? You would expect some of this to legitimately be pandemic lockdown related. Absolutely.
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