Friday, February 03, 2023

That's Some Crazy Conspiracy Theory There Atrios

I actually am not happy to conclude that we have had decades of macroeconomists being completely full of shit, that their goal was never "stable prices (low and stable inflation) and full employment" but rather "stable prices and significantly less than full employment so that all productivity gains accrue to capital while maintaining a precarious labor force ripe for exploitation," but they've been pretty up front about it lately, so...