Lex Fridman Podcast
#457 – Jennifer Burns: Milton Friedman, Ayn Rand, Economics, Capitalism, Freedom
Lex Fridman
And I don't know if we said, but to make clear, stagflation means high unemployment and high inflation, which is a thing, like you mentioned, was not seen before and he predicted accurately. And it also disproves the sort of the relationship, the inverse relationship between unemployment and inflation.
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