Monetary Policy

Andrew Bailey is wrong to blame workers for inflation


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Media Coverage

Mark Littlewood writes for The Times

Julian Jessop comments for The Guardian

Julian Jessop, IEA Economics Fellow, has commented in The Guardian on Andrew Bailey’s (Governor of the Bank of England) assertion that workers should resist pay rises  to control inflation.

Julian argues that it is complacent monetary policy that has caused inflation, not high wages.

“People should ask for the biggest pay rise they can get: wages are a relative price, like any other, and should be left to the markets”

Read the full article here.



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