{"id":18284,"date":"2014-07-10T01:16:48","date_gmt":"2014-07-09T23:16:48","guid":{"rendered":"http:\/\/www.w-t-w.org\/en\/?p=18284"},"modified":"2014-07-10T01:16:48","modified_gmt":"2014-07-09T23:16:48","slug":"the-relationship-between-prices-and-employment-rates","status":"publish","type":"post","link":"https:\/\/www.w-t-w.org\/en\/the-relationship-between-prices-and-employment-rates\/","title":{"rendered":"The Relationship Between Prices and Employment Rates"},"content":{"rendered":"

Chris Casey writes: \u00a0Due to its unjustified acceptance of the Phillips curve and its related misconceptions about price inflation and business cycles, the Federal Reserve will never be able to trade higher price inflation for lower unemployment. Nor can it sacrifice higher unemployment for lower price inflation. But it can, and likely will, generate high levels of both. If the Federal Reserve\u2019s economic controls appear broken, it is because they never really worked in the first place. \u00a0Inflation and Unemploymnet<\/strong><\/a><\/p>\n

\"Phillips<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Chris Casey writes: \u00a0Due to its unjustified acceptance of the Phillips curve and its related misconceptions about price inflation and business cycles, the Federal Reserve will never be able to trade higher price inflation for lower unemployment. Nor can it … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[13,21],"tags":[],"class_list":["post-18284","post","type-post","status-publish","format-standard","hentry","category-finance","category-financial-literacy"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t