INFLATION SERIES (Part 3)
The fall of American Unions and the greatest labour supply shock in history
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This is the third part of my INFLATION SERIES, and if you haven’t had the chance to read the previous two pieces, please check them out (INFLATION SERIES (Part 1) and INFLATION SERIES (Part 2)). In the first piece, I explored why Quantitative Easing does not necessarily cause inflation. Then in the second installment, I explained why monetarism used t…