Phillips Curve

Fed As Inflation Fighter Is Rooted In Phillips Curve Mysticism

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What the Federal Reserve does has nothing to do with inflation. The central bank is not the source of the hyperinflation that Mises disciples (this is a shame simply because Mises himself was brilliant) imagine it to be, nor is the Fed the sober inflation fighter as neo-Keynesians and supply-siders imagine. It’s just the […]

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Apple’s iPhone Eviscerates Federal Reserve’s Phillips Curve

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So much that we see as expensive in the present will be incredibly cheap in the future. There are so many examples of this, so many past examples that so many readers know well (remember “long-distance” calling?), but since so many readers have an Apple iPhone, it’s best to pinpoint one of certainly countless

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