One thing I simply do not understand at all: a 2%/year inflation target ought to be more-or-less the same thing as a 4%/year nominal wage growth target. That has to be so, by arithmetic–unless, of course, you are envisioning still-further widening of the income distribution and a still-further upward leap in income inequality. So why … Continue reading Why Aren’t More People Looking at Nominal Wage Growth?