tag:blogger.com,1999:blog-3758330678390419129.post513722752169206296..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: The Washington Post: The Phillips Curve Is Not WorkingRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3758330678390419129.post-82526900506488567532019-04-13T10:51:59.013-04:002019-04-13T10:51:59.013-04:00I think that there is a deeper fallacy in the Phil...I think that there is a deeper fallacy in the Phillips Curve theory, namely, that there is no way to measure "price inflation." There are many well-documented issues with the CPI and PCE in terms of what they include and exclude, how they are calculated, etc. No one actually lives the CPI or PCE in their daily lives; everyone has a different bundle of consumption goods that they The NAPsterhttps://www.blogger.com/profile/16631781625841157567noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-68066885971059362362019-04-12T18:02:10.464-04:002019-04-12T18:02:10.464-04:002+2 = 5. Hey, didja blink and miss that shift? Tho...2+2 = 5. Hey, didja blink and miss that shift? Thought ya did!Capn Mikehttps://www.blogger.com/profile/08133441332228302495noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-23542770493900995332019-04-12T09:58:12.050-04:002019-04-12T09:58:12.050-04:00I remember watching a documentary about mathematic...I remember watching a documentary about mathematics or economics - I can't recall, I'm sorry, it was several years ago, but I do remember the narrator talking about A. W. Phillips, a person who had a great curiosity and affinity for all things mechanical when he was a young lad living in New Zealand. He was a gifted tinkerer, so the narrator said. Phillips had a life one can say of great OldMexicanhttps://www.blogger.com/profile/16111465436836633221noreply@blogger.com