Chris Hughes on the Legacy of Arthur Burns and its Implications for Macro Policy Today
Macro Musings with David Beckworth
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The Phillips Curve: A Critical Analysis
Not all of his proposals were put into play, right? Just some of them like the wage and price control. So if you really wanted to make a strong case for Arthur Burns, would you tell the, it really wasn't tried story? I mean, maybe would he say that? Would he say, hey, had we done everything I outlined in that Pepperdine speech and throughout the rest of the decade, I would have an amazing record in the history books? "I think he would largely agree that Congress and the executive branch did not embrace their power to fight inflation"
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