What amazes me the the imaginary dichotomy between INFLATION or UNEMPLOYMENT. As if you MUST have inflation to keep unemployment low. The official BS answer is:

Why does the inflation rate increase when unemployment rate decrease? When unemployment is low, businesses have to compete more for workers, forcing wages up. Higher wages increases labor costs, which businesses will counter with higher prices. Also higher wages means increased consumption driving up demand, which also increases prices.

Higher wages is NOT what causes inflation! Inflation forces employers to increase wages because cost of living increases - workers need more dollars for their work as inflation causes dollars to become worth-less.

Economists are trying to convince us (as they were taught) that inflation is the sign of a healthy economy and holds UNEMPLOYMENT at bay. What a lie from the pit of Hell. @ironshield