Growth doesn’t cause inflation

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. It keeps shoveling out the dumbest economic concept of all time: the Phillips curve. This was 1960s and ’70s…

#phillips #federalreserve #unleashprosperity #davidsimon #federalreserveboard #reserveboard #jeromepowell #christopherwaller #louiswoodhill #boardofgovernors