08 May Online Everything May Have Killed Inflation
No one is saying central bankers ever had an easy job, but at least in days gone by it used to be a bit more straightforward. If labor was in short supply wages went up and people had more money to spend and prices went up too. These days though labor is in short supply but prices just do not seem to be rising much at all – and it may have something to do with everyone being able to buy whatever they want online, including the labor of gig workers. See more here in my most recent column for the Globe and Mail.