Quote:
Originally Posted by berwin
when i was getting my mba in the 70s, the economics course i had to take taught that when unemployment went below 5%, inflation would result. When unemployment started dropping after the covid recovery, i posted that concern and was poo-pooed by friends saying that theory had been debunked. And yet here we are, with unemployment low and inflation raging.
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which shows you that your friends had agendas not economic principles to back their beliefs upon