For most people, wages are the most important source of income. Macroeconomic...

For most people, wages are the most important source of income. Macroeconomic and monetary policies that result in higher unemployment-and lower wages for ordinary citizens-are a major source of inequality in our society today. Over the past quarter century macroeconomic and monetary policies and institutions have failed to produce stability; they failed to produce sustainable growth; and, most importantly, they failed to produce growth that benefited most citizens in our society. In

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