For the first time in decades, central banks are tightening their monetary policy while governments continue to spend money as if nothing has changed.
Quiet quitting is a term for working strictly within a job description, doing nothing extra.
Quantitative easing was designed as a tool to provide time for governments to implement structural reforms, boost growth and strengthen the economy.
In simple descriptions of the labor market, people work for pay.
I ran across a headline a few weeks ago in a US Census Bureau press release: “Teachers Are Among Most Educated, Yet Their Pay Lags.” The article itself is perfectly sensible, just offering statistics to point out that teachers often have lower pay than others who have BA degrees.
A common complaint about economics is that by focusing on exchange, it does not take the morality of that exchange into account.
Every economist is familiar with the complaint that too many of the results of economic studies are decided in advance by free-market ideology.