The Philips Curve inflation-growth tradeoff has been wrong since Milton Friedman savaged it in his 1967 \u201cThe Role of Monetary Policy.\u201d<\/p>\n
But socialist universities — and socialist Nobel Committees — keep pushing it to grab more of the productive economy for the government who pays their salary.<\/p>\n
Meanwhile, the collateral damage — the inflation and the strangled wages — hits other people, especially blue-collars they probably enjoy seeing suffer.<\/p>\n
PETER ST ONGE<\/p>\n
THIS IS AN EXCELLENT TUTORIAL ON THE DIFFERENCE BETWEEN REAL ECONOMICS ( AUSTRIAN ) VS BULLSHIT COMMIE ECONOMICS ( KEYSIAN) ….I THINK I JUST LEARNED MORE ABOUT REAL ECONOMICS IN 2 MINUTES THAN MOST NOBEL ECONOMISTS HAVE LEARNED IN THEIR LIFETIMES…WOW<\/p>\n
https:\/\/www.profstonge.com\/p\/why-experts-got-trump-inflation-wrong?<\/a><\/p>\n Note : There is a very reputable site called Truflation that is monitoring daily…True Inflation is flirting with going below 1% and on a trajectory to deflation very soon…DEFLATION is considered by the FED and Banksters to be catastrophic….why would lower prices be catastrophic ? This outfit is expecting “Benevolent” Deflation…<\/p>\n","protected":false},"excerpt":{"rendered":" The Philips Curve inflation-growth tradeoff has been wrong since Milton Friedman savaged it in his 1967 \u201cThe Role of Monetary Policy.\u201d But socialist universities — and socialist Nobel Committees — keep pushing it to grab more of the productive economy … Continue reading