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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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Category : Editorials


	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 13 abonnés

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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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