Ep. 245 Cutting Larry Summers Some Slack on His Labor Market Remarks

Bob provides a qualified defense of Larry Summers’ recent claim that high unemployment will be necessary to contain price inflation.

Mentioned in the Episode and Other Links of Interest:

• The Summers interview featured in the audio clip. The Bloomberg article quoting Summers on how unemployment is necessary to fight inflation.
• Robert Lucas’ Nobel Prize lecture that explains the Phillips Curve.
• The Jan 2022 debate between Krugman and Summers on inflation.
• Help support the Bob Murphy Show.

The audio production for this episode was provided by Podsworth Media.



About the author, Robert

Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.