Top Links #103 Wage-price spirals, NATO's Eastern front & the brains behind the bombers.
Great reading, links and images from Chartbook Newsletter by Adam Tooze
Trying to Make a Dollar, 1993 byAdrian Wiszniewski.
Wage price spirals
If you’ve been worrying about an escalating spiral of inflation and wages like in the 1970s I strongly recommend a read of the latest IMF World Economic Outlook that you can download here. The short version: true spirals of sustained wage and price increases are VERY rare.