Mises Daily

The Phillips Curve Is an Economic Fable

Audio Mises Wire
Mises Daily Frank Shostak

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. 

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