And the monetary implications thereof.
Paul Krugman economics: Deny, deny, deny!
- Thread starter Max E.
- Start date
And the monetary implications thereof.
Actually, those are effects of the interplay of supply and demand on goods and the medium of exchange.
Anyway, what you said earlier about fundamentals is good. How tightly coupled are the money supply and inflation?
Here's a nice, concise piece on the question:
http://www.economicshelp.org/blog/111/inflation/money-supply-inflation/
Right regarding the opinions they have posted. I don't need to repeat what they have already posted. I wholeheartedly agree with them. And the proof frankly is that the economy is actually responding very nicely to the medicine. But perhaps we could use a higher dosage. That's what Krugman has suggested.
There will be plenty of time later to shrink the Fed balance sheet, but now is not the time. And yes we will experience some higher then desirable inflation, but not hyperinflation, and a little inflation is better than deflation any day!
A lot of folks don't understand that government finances don't have to operate the way their checking account does. Just imagine we had had a balanced budget amendment in place when the financial crisis hit. We'd have been in a real pickle.
The thing to be most concerned about right now, in my personal opinion, is the reactionary wing of the Republican party. These folks represent a serious threat to the recovery. We need a balanced, forward looking, gradual approach to digging out of the hole we've dug. Even with the best Fed policy in place we have to have a Congress that will all pull in the same direction. That direction has already been determined, it is time to get on board and start rowing in the right direction.
Quote from Tsing Tao:
Sure! Here ya go.
http://futures.tradingcharts.com/charts/RCM.GIF
Wow! Looks a whole lot different! Wait...no it doesn't.
And your US Dollar chart, as requested.
So the argument against is better bolstered by you showing up to say "krugman and ricter are right"?
Listen, Johnny-Come-Lately, this argument has been put forth by me ad nauseum on this forum. I'll see if I can go back and find some of the threads on it, but next time, do your own research.
Well thanks for posting that chart, but I am a little confused by it because my chart of the dollar futures (DX) shows the dollar higher in 2012 than in 2008, but your shows it lower in 2012 than in 2008. Did you get that chart from the Republican National headquarters?
Quite frankly all of that is some pretty stupid shit.
but please do explain how govt finances differ from my checking account.
I mean I've heard dumbasses say it often before but none have been willing to detail how this supposedly works.
You, Achilles and a few others are about the only ones worth listening to on the topic. Of course, the other websites and blogs that cover this stuff HONESTLY are deemed "conspiratorial" by the morons (yes, willfully ignorant morons), who continue to champion the "Krugman cause".
btw, I'd laugh about the Piezoe comment on the economy doing "so well" if it weren't so ridiculously absurd. The irony is that these guys are self admitted socialists who cheerlead asset inflation, the exact recipe for impoverishing the lower classes that they are supposed to be fighting for. Just more of the complete hypocrisy that we witness on a daily basis.