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by bjourne 1368 days ago
No, they don't know anything. The idea that unemployment and inflation is related comes from a theoretical model called NAIRU and promoted by neoliberal economists. The model has zero empirical evidence. In other words, these psychopaths could as well torture hamsters or dance rain dances and it would have the same impact on inflation as what they are doing now. People blindly believing them, as you do, are no different from Russians who believe that the war in Ukraine is necessary to protect "the Motherland". But when it is your livelihood on the line, you will change your tune, just like Russians who rather not themselves be drafted.