AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
11min chapter
Different Matters with Michael Reddell
Different Matters by Damien Grant
Currency Debasement and the Phillips Curve
A discussion on the history of currency debasement, the relationship between wages and unemployment, and the reinterpretation of the Phillips curve. They delve into Emperor Diocletian's price control edict, the impact of inflation expectations on unemployment, and the failure of the trick of reducing unemployment through inflation. They also explore stagflation, wage and price freezes, and the power dynamics in a reserve bank during a specific time period.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode