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The Phillips Curve in Public Policy
The Phillips curve is not a contradiction. It's part of his original logic. And we are getting that shift. Right now, you can't apply it because we are. We have got a wall, which is pushed up energy, which is pushing up prices. That's imminently part of Phillips's own thinking. OK. Very good. Joseph Shumpter. There's an interesting character. We're going to talk about him next week.