Occasional Xs: Clueless economists / Phillips Curve (XIII)

 

#LearnRealEconomics

Samuelson/Solow messed up the original #PhillipsCurve back in 1960.

NAIRU, wage-led growth, and Samuelson's Dyscalculiahttps://t.co/qDrdo8HL46

The axiomatically correct macrofounded Phillips Curve 3.0 is shown below ⇓. pic.twitter.com/a5b5Rc6y07

— E.K-H (@AXECorg) September 1, 2024

Also at Phil Magness