Showing posts with label Phillips Curve. Show all posts
Showing posts with label Phillips Curve. Show all posts

Saturday, November 22, 2008

The Bean-Counter's Idea of a Trade-Off


As far as average inflation and unemployment rates are concerned we were at point A with the MSM-MMM government and Dr Sithanen quickly took us to point B in two and half short years: 3% more inflation and 1.4% more unemployment. One more reason for the guy to go when you consider that the Phillips curve turned 50 this year.