"#Inflation targeting was supposed to boost #productivity through reducing uncertainty and encouraging #investment. But trend productivity has actually slowed since the early 1980s.
Companies boosted #profits, not #growth, by cutting investment, increasing #dividends, and prioritising #buybacks"
nostr:npub14ksegjfnvcaptrannd5j34qw0hgz6d4n5vssuca96vpyvhswpkfswwakrn
https://www.ft.com/content/fb325e0f-f344-4c09-a23b-15cb0de149d1