garynargi

There is No Tradeoff Between Inflation and Unemployment

In Uncategorized on June 5, 2014 at 3:51 am
There is No Tradeoff Between Inflation and Unemployment
Even mainstream empirical data shows that the Phillips Curve is wrong and that inflation does not cure unemployment. More importantly, Austrian economics has long shown that, regardless of how you slice and dice the historical data, inflation causes malinvestment, booms, and busts, thus increasing unemployment.
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