Liveblogging World War II: August 23, 1945: Memorandum for Admiral Leahy

Comment of the Day: Charles Steindel: Links and Tweets: "The Phillips Curve history paper [by James Forder: "Nine Views of the Phillips Curve: Eight Authentic and One Inauthentic"] is good, and accurate...

...I have on my shelf an intermediate macro textbook of the day, the third edition of Dernburg and McDougall (1968). One brief reference to the Phillips Curve as a shifting relationship between wage growth and unemployment. A rightward shift is indeed depicted and seen as a problem, but there is nothing there saying that policymakers had been aiming at a point on a stable curve.