Skip the waitlist and invest in blue-chip art for the very first time by signing up for Masterworks: https://masterworks.art/moneymacro Purchase shares in great masterpieces from artists like Pablo Picasso, Banksy, Andy Warhol, and more. 🎨 See important Masterworks disclosures: https://www.masterworks.io/about/disclaimer If you appreciate the research, consider buying me a 'coffee' at https://ko-fi.com/moneymacro or supporting long-term for membership benefits via: https://www.patreon.com/moneymacro LIKE CHATTING ECON WITH ME? △ Follow me on Twitter: https://twitter.com/joerischasfoort △ Follow me on LinkedIn: https://www.linkedin.com/in/joeri-schasfoort/ △ I have a private Discord server for Senior and Chief economist Patrons / members. Otherwise I sometimes hang out in two Discord servers: △ Unlearning Economics's server: https://discord.com/invite/jy8CNzDsgf △ Capitalists server: https://discord.gg/8MeNJ7gfSR SOURCES: I've linked my sources in the blog that goes along with this video. Most links are in the text. But, I added some extra literature and data sources to the end of the blog: https://www.moneymacro.rocks/blog Timestamps: 0:00 - introduction 1:31 - Keynesians love Phillips 3:29 - Friedman prints a theory 7:55 - sponsor 9:11 - expecting interest rates 12:38 - next Keynesianism? 16:02 - a modest inflation theory Neon sign from: https://www.neonlights.be/discount/M&M15 Narrated and produced by Dr. Joeri Schasfoort (VU Amsterdam) Studio designed by Alex Moore Via www.dmsquaredagency.com