[Rock Eye Jack]

Milton Friedman made the Philips Curve easy to understand.
The Philips Curve is the short term relationship between Inflation and Employment, and is an inverse relationship

Friedman pointed out that the long term relationship was more important and he called it The Natural Rate.
Inflation and Employment move in the same direction

This country has lost much with Friedman’s passing

[Academiadotorg]

indeed it has