Silver as an investment

Lost in Extrapolation

acting-man.com / MN Gordon / October 28, 2015

Phillips Curve Fail

In the late 1970s the impossible happened.  Inflation and unemployment simultaneously went vertical.  The leading economists of the day were flummoxed.

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The Phillips curve said there’s an inverse relationship between inflation and unemployment.  When unemployment goes down, inflation goes up.  Conversely, when unemployment goes up, inflation goes down.

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