I keep hearing people complain that the ‘mainstream media’ does not understand economics and that we’re talked down to as if everything must be explained as if the economy is a household. In this thread I explain all you (and they) need to know. Economics in one thread then....— Richard Murphy (@RichardJMurphy) December 12, 2020
Couldnt find the link I wanted, but this article expresses the murdoch / state explanation of unemployment and inflation
https://www.smh.com.au/business/few-good-reasons-why-5-unemployment-is-considered-full-employment-20100709-1047v.html