Why The Public’s Faith In Western Central Planners Is About To Collapse

KingWorldNews.com
February 07, 2015

On the heels of another wild trading week in world markets, today one of the top economists in the world sent King World News an incredibly powerful piece warning that the public’s faith in Western central planners is about to collapse. Below is the fantastic piece from Michael Pento.

By Michael Pento of Pento Portfolio Strategies

February 7 (King World News) – In 1958, economist W.H. Phillips wrote a paper that argued an inverse relationship existed between wage inflation and unemployment. The crux of his theory was when unemployment is high wage growth is absent; but when the unemployment rate is low wages rise rapidly. Philips established his theory under the framework of a curve and it was aptly referred to as “The Phillips Curve.”

However, many economists wrongly adopted the Phillips Curve by relating it to general price inflation, rather than to just wage inflation. Sadly for Phillips Curve enthusiasts, the high inflation and high employment rates of the 1970’s turned this metric on its head.

The Rest…HERE

This entry was posted on Saturday, February 7th, 2015 at 1:05 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.