While central banks remain laser-focused on bringing headline inflation back towards target, tightness in the labor market poses the threat of a wage spiral in the service sector and leaves us asking: Is the post-pandemic labor market truly booming, or will lagging weakness soon appear? Eliot Wilkinson breaks down the impact that a slowdown could have on unemployment, the relationship between debt and inflation, and what fluctuations in the money supply mean in the real world. Recorded on Monday, February 6, 2023.