The Fed's Huge Monetary Overhang Keeps Job Totals Up as Real Wages Fall

Tags The FedInflationU.S. EconomyU.S. History

03/18/2023Ryan McMaken

Narrator:

The current job market strength partly reflects the ongoing monetary overhang from years of breakneck growth in money-supply inflation. The $6 trillion in money that was newly created since 2020 is still very much a factor.

Original Article: "The Fed's Huge Monetary Overhang Keeps Job Totals Up as Real Wages Fall"

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Contact Ryan McMaken

Ryan McMaken (@ryanmcmaken) is a senior editor at the Mises Institute. Send him your article submissions for the Mises Wire and Power and Market, but read article guidelines first. Ryan has a bachelor's degree in economics and a master's degree in public policy and international relations from the University of Colorado. He was a housing economist for the State of Colorado. He is the author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.