The Wall Street Journal gets a prize for Art inward Economics for their Phillips flexure article. Abstract expressionist partitioning , non contemporary realism , alas.
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| Source: Wall Street Journal |
(For the uninitiated: There is supposed to live on a stable negatively sloped flexure hither past times which higher inflation comes amongst lower unemployment. Beyond that correlation , virtually policy economists read it every mo elbow grease as well as number , higher unemployment begets lower inflation as well as vice versa. The signal of the article is how petty reality conforms to that bedrock belief.)
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