Occasional Tweets: There is no trade-off between inflation and recession

 

The axiomatically correct macroeconomic #EmploymentLaw tells one that #Employment L

• decreases if the product price P rises faster than the wage rate W
• increases if #DeficitSpendingMoneyCreation ρE increases.

So one will ALWAYS have #Inflation AND #Recession. NO trade-off. pic.twitter.com/rrpbShgm84

— E.K-H (@AXECorg) December 15, 2022

For details of the big picture see cross-references Employment/Phillips Curve.