The Philips Blob

When you hear economists and finance clowns talk about the “economy running hot”, what they’re actually saying is too many people have jobs.

That’s right, the central planners look to what is called “The Philips Curve” which might be the most pseudoscientific bullshit out of all the Keynesian voodoo nonsense.

The idea in a nutshell: if the central bank jacks up rates, credit becomes harder to get ergo firms layoff employees who will have less money and therefore spend less, thus reducing inflation.

It’s literally the act of indiscriminately sacrificing jobs to rein in inflation and is supposed to fit a nice downward-sloping curve.

Except, it doesn’t work. It has never worked. It will never work because it is based on fallacious thinking and dogma, only idiots believe in it and everyone else sees it for what it is - regime apologia to coverup fiat recklessness.