Labor Strikes Unleash Wage-Price Spiral
Published in
4 min readJul 25, 2023
Labor strikes will result in much higher wages for workers, leading to more inflation.
Two years ago, I warned that the excess demand created by huge government spending deficits and a shockingly irresponsible expansionary monetary policy would lead to high inflation. I warned that if the inflation problem was not confronted immediately and aggressively, a wage-price spiral would result. Today…