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Mises Daily: There is No Tradeoff Between Inflation and Unemployment

June 5, 2014
6771There is No Tradeoff Between Inflation and Unemployment by Chris Casey Even mainstream empirical data shows that the Phillips Curve is wrong and that inflation does not cure unemployment. More importantly, Austrian economics has long shown that, regardless of how you slice and dice the historical data, inflation causes malinvestment, booms, and busts, thus increasing unemployment.

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