[babble-on]

That’s exactly what I meant. What is suppressing inflation is low wage growth, what is suppressing wage growth is globalization. If you remove globalization, interest rates would have to be hundreds of basis points north of where they are today because the productivity of the economy would be so much lower. Economists predicted all of this in the 90’s.

[central_va]

That’s exactly what I meant. What is suppressing inflation is low wage growth, what is suppressing wage growth is globalization. If you remove globalization, interest rates would have to be hundreds of basis points north of where they are today because the productivity of the economy would be so much lower. Economists predicted all of this in the 90’s.

Somehow the USA thrived for 1787 to 1980 with no trade deficits and very little trade at all. One day I hope to see globalists ground into dog food. I can dream can't I?