Posts tagged Keynesian Economics
Foolish Financial Framing: The Phillips Curve Remains Despite Fed Claims

What framing is Mr. Powell speaking from, exactly? Does the head of the Fed intend to suggest that the very nature of the Phillips curve has shrunk in impact? Because I would posit instead that there are a multitude of things causing this shift that have little, if anything to do with the fundamental relationship between the employment and inflation.

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Taxes and Trickle-Down: Challenging Economic Misconceptions

It must logically follow that cutting tax revenue will always hurt the deficit if we accept that the government is spending all of the tax money that it is bringing in, and that it must borrow to continue the programs that it is running. However, we must also recognize that running a deficit should be avoided when at all possible.

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