I'll admit as much as "more coherent" or "more systematic" but "more
scientific?" That's like saying one astrologer is more scientific than
another.


Jim Devine wrote,

"The NAIRU is a more-scientific way to describe what Milton Friedman calls
"the natural rate of unemployment." His idea is that the economy gravitates
toward the natural rate unless the government or central bank screws things
up.

Tom Walker
604 254 0470

Reply via email to