Conflicts over the production of money was finally won by the financial sector-rentiers with assaults on union engagement in democratic processes and on living wages. Harsher ‘democracies’ fought workers (others agreed to social wages), gave top tax cuts (the Laffer curve) regardless of wars, OPEC and price-wage spirals. The Phillips Curve myth is a little-known scandal which vaunted central banks (Forder shows); the fortuitous great inflation scare is emphasized in central banks to the ludicrous extent that hyperinflation ‘fears’ remained fixed inside the Fed, BoJ, Bundesbank later ECB, and notably the BoE, until these CBs stared at deflation (GFC). In central banking literature, the 1970s “masses” were too greedy (that is, UK and US workers wanted to improve their pitiful wages and political involvement), full employment was cast (incorrectly) as sole culprit, and central banks adopted the Non-Accelerating Inflation Rate of Unemployment (NAIRU), used to this day. Orthodoxy’s rise as banking’s handmaidens was won not by monetarist screeching but Friedman’s “Phillips Curve myth” that alleged there was a causal relation between full employment and a singular-inflation since WW2. Evidence herein shows the ‘Curve myth’ was untrue thus, central bank dissonance rose at this point, given multiple inflations endogenous and exogenous.