The Fed’s Huge Monetary Overhang Keeps Job Totals Up as Real Wages Fall

Summary:
The current job market strength partly reflects the ongoing monetary overhang from years of breakneck growth in money-supply inflation. The trillion in money that was newly created since 2020 is still very much a factor. Original Article: "The Fed's Huge Monetary Overhang Keeps Job Totals Up as Real Wages Fall" This Audio Mises Wire is generously sponsored by Christopher Condon.  [embedded content] Tags: Featured,newsletter

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