What Do You Do With the Phillips Curve?

The debunking economics podcast with Steve Keene and Phil Dobby. We are looking at Bill Phillips, the man behind the Phillips curve. Central banks have used it as a tool in helping to determine what level they should be setting interest rates out because they're looking at it as the gauge to inflation. When we come back, let's look at why central banks have picked on Phillips and used him, perhaps incorrectly. And also what do you do with the Phillips curve? You make use of it.