
Inflation and the Class War
It Could Happen Here
00:00
The Phillips Curve Does Not Explain Inflation
The phillips curve says that the closer you get to full employment, the higher inflation gets. This is supposed to happen because as there's less people wose unemployed, you have to pay them more money to get them to work. Ait, is not, in fact, doing a curf. i actually plotted onemployment versus inflation in the us from 19 forty six until two thousand 21. And then for the next graff, we have a, what's not a curve? Ah, instead inflation and unemployment are zigzagging everywhere like dark sides omega beams.
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