Different Matters with Michael Reddell
Different Matters by Damien Grant
00:00
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.
Transcript
Play full episode
