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Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory. Original Article: "The Phillips Curve Is an Economic Fable" This Audio Mises Wire is generously sponsored by Christopher Condon.

One of the fundamental tenets of Austrian economics is the ordinal value scale. Augustine articulated the idea more than a thousand years before Carl Menger wrote his pathbreaking Principles of Economics. Original Article: "Saint Augustine, Proto-Austrian" This Audio Mises Wire is generously sponsored by Christopher Condon.

This weekend, we feature a lecture by Dr. Robert Murphy that was recorded at our inaugural Mises Boot Camp this past summer. Bob gave an introductory talk that sets the Austrian framework, and lays out how we should go about understanding economics. It's a great refresher for those who are familiar with the Austrian school, but it's also a great primer to share with your friends who are no so familiar.