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Podcast: The Brian Nichols Show
Episode: 511: The Zombie Economics of Inflation and Unemployment (w/ Prof. Alex Salter)
Description: Today's guest (Prof. Alex Salter) recently joined Phil Magness and wrote an article for The Hill outlining how bad economic ideas can have a frustratingly long shelf life. Amid surging consumer and producer prices, the apparent tradeoff between inflation and unemployment has become a hot topic. There’s just one problem: the tradeoff doesn’t exist. Economists have known this for 40 years. Policymakers and commentators asserting otherwise should get with the program."In policymaking circles - public economics commentators - (those sorts of positions), ther...