Emergence of the Eurodollar System | The Snider Series | Episode 2 (WiM088)
The "What is Money?" Show
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The Phillips Curve, the Relationship Between Unemployment and Inflation
The phillips curve is the relationship between unemployment and inflation. It used to be a simple curve, but now it's been incorporated into econometrics. The economists had pected that we would see inflation in the real economy starting around 20 14 or 20 15. But what we found out is that the unemployment rate is simply faulty because it didn't take into count the massive millions amount of hidden workers that aren't dead.
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