What economists have gotten wrong for decades

This article discusses the relationship between interest rates, unemployment, globalization, the minimum wage, and the deficit in the context of economic policy. It explores how low interest rates, despite their benefits, can have negative consequences like exacerbating income inequality. It also examines how unemployment rates can be influenced by globalization and automation. The article further delves into the debate surrounding the minimum wage and its impact on employment. Lastly, it discusses the role of deficits in economic policy and the potential trade-offs involved. Overall, the article provides an informative analysis of these interconnected economic factors and their implications for policymaking.