The Feds Mistake in the Seventies

The relationship between poyment rates and inflation was thought to be impossible, except for this period of time. That situation in the seventies is referred to a stag flation. The feds mistake dates back to the beginning of the sixties. In the sixties, 60, 61, two, three, four, five, 69, holy mole, traces out a lovely phillips cur just like the theory says.