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The Phillips Curve Is an Economic Fable

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Frank Shostak
 
Published : March 20th, 2023
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24hGold - The Phillips Curve I...

Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.

Original Article: "The Phillips Curve Is an Economic Fable"

This Audio Mises Wire is generously sponsored by Christopher Condon. 
Source : mises.org
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Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies.
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