Inflation vs. Unemployment

[Bo]

Strongly agree. If you handle inflation first, then unemployment can be handled afterwards without raising ifnlation too much. However, if you tackle unemployment first, then inflation will still be high and then once you tackle inflation, unemployment will go up and you will need to tackle unemployment a second time. Thus, tackling inflation first is much easier and much more beneficial. Just look at the example of Paul Volcker in 1979-1983.

[Bo]

A reasonable inflation isn't necessary a bad thing. Unemployment is the main problem.

Define "reasonable."