Government has no resources. It can only spend what it’s taken from us first. Yet Keynesian economists (meaning the vast majority of economists) believe government spending boosts economic growth.

Repeat after me, class: Growth does NOT cause inflation. Write it on the blackboard 100 times. For decades, the economics profession has been trying to tell us all just the opposite. They keep ...

The Border Tax Is Back, and It’s Still a Terrible Idea Are We All Marxists Now? No, Mr. President, Section 122 Tariffs Won’t Work Either Higher inflation does not mean lower unemployment. Many ...

New data covering the period since May 2023 have continued to follow the path of a nonlinear Phillips curve that shows the relationship between inflation and a particular measure of labor market slack ...

The bond market is still thinking about monetary policy through a Phillips Curve frame of mind. On the back of a strong employment report Friday, yields on 10-year Treasury bonds surged to a 16-year ...

The well-known Phillips curve describes inflation as a persistent process that depends on public expectations of future inflation and economic slack, a measure of how stretched the economy’s resources ...

Log-in to bookmark & organize content - it's free! Rep. Erik Paulsen (R-MN) and former Federal Reserve Chair Janet Yellen discuss the Phillips Curve and the relationship between inflation and the ...

For the past several decades, an economic rule of thumb has been that lowering the inflation rate leads to higher unemployment. But that correlation has been weakening lately. Over the past couple of ...