Ep. 132 The Phillips Curve and Keynesian La-La Land: The Alleged Relationship Between Unemployment and Inflation - a podcast by Bob Murphy and Tom Woods

Krugman insists on the validity of the Phillips Curve, which purports to show an inverse relationship between unemployment and inflation, but the causal mechanism Krugman sees between them is straight out of Keynesian la-la land.

Show notes for Ep. 132

Further episodes of Contra Krugman

Further podcasts by Bob Murphy and Tom Woods

Website of Bob Murphy and Tom Woods