by MN Gordon
“The Phillips Curve is alive,” said Fed Chair Janet Yellen at Wednesday’s post FOMC meeting press conference. We’ll offer some remarks on this in just a moment, including why Yellen is toast. But first we must put her utterances into proper context.
This week, at a business meeting, we experienced the full veracity of Brandolini’s Law. If you happen to be ignorant of Brandolini’s Law, we must apologize. For we must forever end your bliss.