I read this from Australia's…
I read this from Australia's national broadcaster yesterday. Getting warmer.
"If you really want to point the finger, why not at the governments that rescued multinational finance corporations in 2008 and 2009 after they ran into big trouble as a result of taking on too much risk?
It enhanced what economists call moral hazard.
We now see more monopolies with the power to set consumer prices as they choose, and monopsony power, as Treasury research has recently showed, may explain why wage growth is stuck at low levels."
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