The Phillips curve essentially describes the relationship between wage inflation and unemployment as an inverse one, suggesting that reduced inflation accompanies rising unemployment. This principle ...

About a half-century ago, my investment and economic mentor, Bradford F. Story, remarked that leaders at the Federal Reserve and Treasury would never succeed until they disabused themselves of the ...

Government has no resources. It can only spend what it’s taken from us first. Yet Keynesian economists (meaning the vast majority of economists) believe government spending boosts economic growth.

The Phillips curve suggests rising wages from low unemployment may increase inflation temporarily. High inflation may prompt Fed rate hikes, raising borrowing costs and wage demands. Despite ...

How Populism Turned the Road to Housing Act into the Road to Nowhere The Trouble with Trump’s Maritime Action Plan Expert Witnesses Must Be Experts Zombie Net Zero Jimmy Lai’s Free-Market Witness ...

Did they claim that it showed a permanent tradeoff between inflation and unemployment. James Forder says no. Is the intellectual history and self image of modern macro based entirely on the critique ...

Log-in to bookmark & organize content - it's free! Rep. Erik Paulsen (R-MN) and former Federal Reserve Chair Janet Yellen discuss the Phillips Curve and the relationship between inflation and the ...

Recently, US Federal Reserve (Fed) Chair Jay Powell addressed the Jackson Hole Monetary Policy Symposium and announced a major policy shift in the Fed’s approach to managing inflation. In a speech ...

The US government has been spending money. A lot of money. And sometimes we just get this vague unease. All this stimulus is good for jobs, but there must be a catch lurking somewhere, right? There's ...

“Insanity is doing the same thing over and over again and expecting different results.” (Usually attributed to Albert Einstein, this familiar quote may have originated with Max Nordau or others in ...

Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the opposite. They keep ...