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Join University of Newcastle Professor Emeritus of Economics and Director of the Centre of Full Employment and Equity Bill Mitchell to discuss "flattening the Phillips Curve", full employment, the role of price anchors and automatic stabilisers versus discretionary fiscal policy, how the 'price rule' of stimulus contrasts with the 'quantity rule' of conventional Keynesian pump-priming, and the choice between unemployed buffer stocks (the NAIRU) and employed buffer stocks (the NAIBER) in inflation management policy.