"The people who argue for such a wage-price spiral have to provide evidence that there was such a regime change and I for one, cannot see any." What evidence do "they" have to provide? Where can I find a list of people making this specific point? Charles Goodhart maybe but he would say it's more nuanced x10.
Ok, count that as rhetorical flourishes. I see these claims when I present at conferences. They are not made by economists but by investors, predominantly in the wealth management space where many people still seem to live in the 1970s. As for Charles Goodheart, I won’t comment because i don’t know his views. I try not to read his stuff because he may be nuanced but his claims sometimes aren’t above suspicion as I have shown here: https://klementoninvesting.substack.com/p/demographics-and-inflation-i-am-not?s=w
"The people who argue for such a wage-price spiral have to provide evidence that there was such a regime change and I for one, cannot see any." What evidence do "they" have to provide? Where can I find a list of people making this specific point? Charles Goodhart maybe but he would say it's more nuanced x10.
Ok, count that as rhetorical flourishes. I see these claims when I present at conferences. They are not made by economists but by investors, predominantly in the wealth management space where many people still seem to live in the 1970s. As for Charles Goodheart, I won’t comment because i don’t know his views. I try not to read his stuff because he may be nuanced but his claims sometimes aren’t above suspicion as I have shown here: https://klementoninvesting.substack.com/p/demographics-and-inflation-i-am-not?s=w