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The Fed Is Wrong to Make Policies Based upon the Phillips Curve

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Tags The FedInflationUnemployment

09/19/2022Frank Shostak

Adherents of the famous Phillips curve believe there is a permanent tradeoff between inflation and unemployment. This is mistaken.

Original Article: "The Fed Is Wrong to Make Policies Based upon the Phillips Curve"

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Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

Original Article: 
The Fed Is Wrong to Make Policies Based upon the Phillips Curve