Philips Curve Shifted for More Labor per Inflation

https://www.bloomberg.com/view/articles/2017-12-12/fed-and-bond-investors-face-a-rude-awakening

Philips Curve Shifted for More Labor per Inflation - Think about how much money there is in the economy in USD + cryptocurrencies and labor not counted in GDP/Employment that is paid in Cryptos than USD. The idea is that currency and asset creation is decoupled from a central authority and is now correlated with tradeability of goods. Regulation reduces the tradeability to a narrow margin and may favor certain portfolios than others. Likewise, less regulation tends to create multiple markets per good or service due to the differentiation of service or quality.

I am in favor of the idea that the NARIU curve did shift left and in favorably where more money created equals less employment with less impact on inflation. The pain may still come though when people die. For example the business owner or manager responsible for increasing wages will or can control inflation more effectively however when the inevitable happens the decisions will change. When the decision maker dies then the replacement will inherit the policies and/or money supply and then direct the profits per their utility rather than the original decision maker, therefore changing the dynamic of NARIU. The larger the portfolio related to the economy, the larger the effect to incrasesing labor wage and inflation.