Philadelphia Reflections

The musings of a physician who has served the community for over six decades

Related Topics

Expanded Health Savings Accounts

Phillips Curve

By the time of the Bretton Woods conference in 1945. even a hybrid precious metal standard had to be abandoned as too inflexible. President Nixon closed the "gold window" and Lyndon Johnson closed the "silver window". The virtual standard of inflation monitoring seemed to work for three decades, but the refinement of the Phillips Curve seems to be tottering us into a situation which may not be manageable. What now?

Originally published: Wednesday, October 03, 2018; most-recently modified: Friday, May 31, 2019

 

Please Let Us Know What You Think

 
 

(HTML tags provide better formatting)