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Bill Phillips & His Curve
Debunking Economics - the podcast
Is the Rate of Change of Unemployment a Factor?
When I do my modeling of Minsky, I've got a Phillips curve in there. But the rate of change can be positive or negative around that point. So if you then have unemployment falling at that point, you're going to have rising wages. And find that in Phillips's article back in 1957. Yeah. It contradicts your inability to read English.
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