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Mises Daily: There is No Tradeoff Between Inflation and Unemployment

June 5, 2014 in Economics

By Mises Updates

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There 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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Source: MISES INSTITUTE

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