Krugman insists on the validity of the Phillips Curve, which purports to show an inverse relationship between unemployment and inflation, but the causal mechanism Krugman sees between them is straight out of Keynesian la-la land.

Krugman Blog Post

“Immaculate Inflation Strikes Again (Wonkish)” (March 27, 2018)

Contra Columns

“‘Monetary Neutrality,” by Robert E. Lucas, Jr.
“Empire of the Institute,” by Paul Krugman

The Contra Cruise!

Join Bob, Tom, and special guests for the third Contra Cruise — the best liberty week of the year!

Need More Episodes?

Tom and Bob have their own podcasts! Check out the Tom Woods Show and the Lara-Murphy Report.