Since the mid-1990s, the economic policy strategy pursued in the countries of the OECD (Organization of economic cooperation and development) is the same. Each time that the application or the income weakens, this weakening is compensated for by the debt, private or public. And the higher level of debt requires that the monetary policy is increasingly expansionary, to render the debt to be acceptable.

In all OECD countries since the second half of the 1990s, there was what we can call wage restraint : the rise of the salair...

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Date Of Update: 27 June 2020, 04:33