WSJ: “NAIRU” Jacket

Growth, inflation, rate increases. We are at the point when the economy is the most confusing. An industrial mindset has us all in a 70’s-era brain freeze. Time to thaw out and modernize U.S. economic thinking.

At badfads.com, you can read about Nehru jackets, a passing fashion that inflicted Sammy Davis Jr., Laugh-In’s Arte Johnson and thousands of grade schoolers, who I think all grew up to be economists.