The Phillips Curve Is a Statistical Regularity

i think normal people probably never really bought into this elaborate economic theory. If you really want to make economists angry, you can say that the reason inflation was so bad in the seventies is that there were these oil embargos. And it's why public anxiety about inflation to day, i think, piqued months ago when the pipe line was broken and you couldn't get gasolene. Righis: Ithink about not viewing inflation as a pocketbook issue for the elderdiers and younger,. Like us and other people like us on mortgage rates. I don't own a home right now because i had a two point interest rate of five per cent at one point

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