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RE: Central Bankers Want to Have Their Cake and Eat It.
Thanks for the book recommendations.. Check out an article by Irish economist David McWilliams on how technology disruption is keeping wages and inflation low. I thought it was very insightful. https://woodfordfunds.com/words/insights/behind-the-curve/#main
I will thanks. One thing I would say though is that inflation is the increase in the money supply and what David McWilliams means is that technology disruptions is keeping some prices from rising.
He also links this to low wages which results in less spending in the economy . As wages are low and companies cannot then increase costs, there's not the appettite to send on replacing cheap workers with technology. Lots of variables ! Whats the point increasing the money supply if companies aren't using it to invest.