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

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The current job market strength partly reflects the ongoing monetary overhang from years of breakneck growth in money-supply inflation. The $6 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. 

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