Mention166238

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so:text Milton Friedman was not surprised. In 1968, in one of the decisive intellectual achievements of postwar economics, Friedman not only showed why the apparent tradeoff embodied in the idea of the Phillips curve was wrong; he also predicted the emergence of combined inflation and high unemployment, which Paul Samuelson dubbed "stagflation. (en)
so:isPartOf https://en.wikiquote.org/wiki/Paul_Krugman
so:description Peddling Prosperity (1994) (en)
qkg:hasContext qkg:Context81534
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