Tag Archives: Phillips Curve

Keynesian thought is utopian

Credible economists like Hayek, even von Mises and Milton Friedman knew the limits of positivism in economic models.  It isn’t that they eschewed them outright, they knew the margins of their discipline, spending their time more on exposition in defense … Continue reading

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Weakened Case For Higher Interest Rates: the Flattening Yield Curve

The canard of secular stagnation was laughable, especially given the credentialed gnomes belief in demand sided macro thought.  No measure is ever given to the antecedents of our Constitutional Republic, its constitutive bases in civil society, in spheres of autonomy … Continue reading

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The Ideological Drive Animating Policy Convictions Of F.O.M.C.

The Federal Open Market Committee (FOMC) is responsible for setting macroeconomic policy trends in consultation with its chairman.  Why is this significant?  Keynesian thought has overt socialist underpinnings that work at odds with market based trends.  The classic case is … Continue reading

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