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Competition is not the only problem for bankers at Jackson Hole

By August 21, 2018No Comments
The Financial Times | August 21, 2018

Rampant corporate mergers have led to falling competition, higher profits, lower investment and a decline in the share of US national income that goes to workers. This may be the most important hypothesis in economics today. If correct, it explains many of the economic ills plaguing America, and suggests a simple solution. Fire up competition policy, smash some monopolists and make the world a better place


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