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. 

The Phillips Curve Is an Economic Fable

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Audio recordings of Mises Wire articles, offering contemporary news and opinion through the lens of Austrian economics and libertarian political economy.

The Phillips Curve Is an Economic Fable

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