Which is worse: inflation or unemployment?  - The Big Picture

Which is worse: inflation or unemployment? – The Big Picture

You may have missed this wonderful josh zumbrun column in the Wall Street Journal last week:Inflation and unemployment make you unhappy, but maybe not as much.” It’s one of those things that’s so obvious that no one ever stops to think about it – and so we’ve neglected it for decades.1 Stop for a moment …

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