Progress, So To Speak, With Some Japanification Denial

By |2017-11-29T17:23:37-05:00November 29th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Ever since Robert Solow and Paul Samuelson wrote of an exploitable Phillips Curve in 1960, economists have had dreams of being able to precisely control the economy through the exchange of inflation and unemployment. The original paper, the one sold to, and bought by, the Kennedy Administration, theorized it was possible to sort of “purchase” very low unemployment by allowing [...]