The Phillips Curve and the Money Multiplyer

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The money multiplier is where I think the action is, Kathy, much more in the MPQV situation. And what's so puzzling about this demand destruction view of the world in terms of getting inflation down is if you look at the 80s, 90s, even into the early part of the 2000s, the Phillips curve didn't work. It is a very easy curve. But the Laffer curve does.

On this episode of For Your Innovation, we wanted to highlight last week’s special edition of “In the Know,” a monthly video series featuring ARK CEO/CIO, Cathie Wood. In this special episode, Cathie is joined by her mentor, former professor, and advisor to ARK Investment Management LLC, Dr. Art Laffer. Famous for the Laffer Curve, Art is an economist and was named one of Time’s Greatest Minds of the 20th Century.

Together, Cathie and Art dive into the recent banking crisis and the world of cryptoassets.

We hope you find this monthly series useful, especially during periods of heightened volatility. Stay Healthy. Stay Innovative.

“It’s not up to congress to allow or not allow crypto. It shouldn’t be.” – Dr. Art Laffer Episode Timestamps