Sunday, January 21, 2007
First let's kill all the lawyers...
On an email discussion group, libertarian bad boy Stephan Kinsella relayed a college moment that was quite instructive. He was in an econ class and they were learning about the Phillips Curve. He asked, "If all of the unemployed people died overnight, would that cause inflation?" He said that the teacher stuttered something about the curve shifting.
Posted by Bob Murphy at 11:51 PM