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The One Chart That Tells Us If We’re Seeing Runaway Inflation

The dreaded Phillips curve describes the runaway inflation of the 60s and 70s. The situation is very different today.

Anyone who has been following the U.S. monthly economic data lately has noticed that the rate of inflation has been rising over the past year as the unemployment…




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Ed Dolan

Ed Dolan

Economist, Senior Fellow at Niskanen Center, Yale Ph.D. Interests include environment, health care policy, social safety net, economic freedom.

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