MM "These were not policymakers trying the exploit a permanent inflation output trade-off, but policymakers trying to escape the discipline of any kind of Phillips curve. "

They can  beat the dynamic P curve
Simply by ending untrammeled decentralized autonomous corporate dictated
spontaneous wage and output price setting

The price level path must be directly regulated
Using effective demand variation to " contain inflation"
Is a corporate class solution

One look at the end product of the great moderation ought to jar the counter cyclical demand management is bad for the wage class long run
Whether it's using stop go household credit
Or counter cyclical tax algorithms

Kalecki  macro updated by Vickrey
indeed requires Lerner mark up cap and trade