🚀 go-pugleaf

In article <1993Jan27.012604.26172@cs.brown.edu>, pcm@cs.brown.edu (Peter C. McCluskey) writes:
> 
>  The claim that reducing inflation causes unemployment is a myth which
> only the Keynesians still believe. A reduction in inflation influences
> the timing of changes in unemployment in much the same way as when you
> stop drinking alcohol influences when you will get a hangover, without
> being the cause of the hangover.
> 
> ----------------------------------------------------------------------
>   >> Peter McCluskey >> pcm@cs.brown.edu >>   Reunite Gondwanaland!
> ----------------------------------------------------------------------


Then it is merely coincidence that every time that we have one of those
"recession" things where a bunch of people get thrown out of work, the
inflation rate goes down, and when they go back to work it goes back up??

Seriously I'd appreciate a reference to a book where this is described. Your
hangover anecdote, while cute, doesn't explain the mechanics very well.

steve soar