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BuzzChart: Phillips Heads Screw Drivers...A.W. Phillips was, by all accounts, a fine engineer and a war hero to boot. But he was an awful economist whose machinations (e.g., the Phillips curve) have done enormous harm over the decades.It’s time for Ben Bernanke to stop listening to the Phillips Head Screwdrivers who dominate the Fed staff cubicles and start listening to the markets... To read the entire article, click here |