When All Else Is Out of Bounds, Zap Labor
From Nixon’s wage controls to today’s interest rate hikes, the fight against inflation has targeted labor.
2 articles
Dear Dr. Dollar:
Back in first-year economics we learned that there is a tradeoff between unemployment and inflation, so you can't really have both low inflation and low unemployment at the same time. Do economists still consider that to be true? —Edith Bross, Cambridge, Mass.