I really like your web site, just discovered today. I also liked your Phillips curve article. When I was in school there were several key points on which I disagreed with the conventional wisdom, and where developments in the years since to have proved my viewpoint to have been the correct one. Thanks to your article, I am pleased to be able to add my Phillips Curve interpretation to that list.(posted 8756 days ago)I argued 30 years ago (with absolutely no success in convincing my economics professors!) that even if the Phillips Curve was as fundamental an economic relationship as it was presented to be -- which I doubted -- that it did not follow that such an economic "blunt instrument" should serve as the basis for policy making. I argued then, and still believe, that other more benign economic control mechanisms should be used to achieve desired economic results, leaving the Phillips Curve effect (with its concommitant adverse impacts on jobs) to be only the policy weapon of last resort.
Thanks for your innovative thinking.