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Why Capitalist Governments Worry More about Inflation
than Unemployment?*
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Feb 14th 2022, Prabhat Patnaik
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Capitalist
regimes will always try to control inflation by increasing
unemployment.This has nothing to do with any belief
in a stable "trade-off" between the two, i.e.,
a stable curve connecting the two.
*
This article was originally published in People's
Democracy on February
13, 2022.
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