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Phillips Curve R.I.P.
01-05-2018, 10:29 AM,
Phillips Curve R.I.P.
Phillips Curve R.I.P.

<p>For a decade central banks have printed enormous quantities of new money. The excuse is to stimulate the economy by reviving inflation. However, the money has, for the most part, driven up the prices of financial assets instead of consumer and producer prices. The result has been a massive increase in the inequality of income,…</p>
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