The Banking Crisis and Crypto with Art Laffer
FYI - For Your Innovation
00:00
The Phillips Curve and the Money Multiplyer
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.
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