The Hidden Benefits of Moral Hazard: Higher Wages
By Oren M. Levin-Waldman

NEWARK, NJ — January 11, 2022 — If one only listened to right-wing pundits, one might think that inflation and labor shortages are due to excess government spending. Too much spending, the argument goes, creates inflationary pressure, especially when given as stimulus because those who receive it can demand more. This new demand, coupled with a supply chain crisis only … Continue reading The Hidden Benefits of Moral Hazard: Higher Wages
By Oren M. Levin-Waldman