Occasional Tweets: Employment and inflation ― right policy depends on true theory

 

#Economics#FailedScience#FakeScience#Economists#StupidOrCorruptOrBoth

The axiomatically correct macroeconomic #EmploymentLaw tells one that #PriceInflation is bad for #Employment, and #WageInflation is good.

Right policy depends on true theoryhttps://t.co/LbKFQnygXs

— E.K-H (@AXECorg) July 17, 2021

For details of the big picture see cross-references Employment/Phillips Curve.