tag:blogger.com,1999:blog-4912713243046142041.post152696447356365485..comments2024-03-28T19:45:08.560-05:00Comments on TYWKIWDBI ("Tai-Wiki-Widbee"): Why you shouldn't believe low inflation numbersMinnesotastanhttp://www.blogger.com/profile/01382888179579245181noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4912713243046142041.post-27572881233479591172011-01-29T20:06:38.545-06:002011-01-29T20:06:38.545-06:00the author is ignorant.
simple example. google ...the author is ignorant. <br /><br />simple example. google search for a compound interest calculator. plug in the cost of a barrl of oil in 1980. about $37.42, 10% a year, for 30 years. that would mean it should be $652.96 now. but if we plug in 2.5% we get $78.49. Pretty close to where we are. <br /><br />I can buy bread for 88 cents a loaf. Milk is about $2.50 a gallon. things are a little higher, but not 10+% a year.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-19775922865397705172011-01-28T05:23:28.085-06:002011-01-28T05:23:28.085-06:00@Anonymous
Very well, I accept your argumentum ad...@Anonymous<br /><br />Very well, I accept your argumentum ad verecundiam fallacy and raise you Milton Friedman. <br /><br />Inflation, when correctly defined as an increase in the money supply (Austrian School), cannot be easily manipulated or papered over the way it is with aggregates and selective baskets such as CPI. <br /><br />The simple fact that the items selected in CPI can vary wildly to suit political needs renders it invalid as a rational indicator. <br /><br />The Fed injected TRILLIONS of dollars into the monetary system in a very short span of time. No Keyensian shell games can cover the effects of such action. <br /><br />- 032125Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-7887130994941852902011-01-27T19:13:30.404-06:002011-01-27T19:13:30.404-06:00@032125--Let's just say I'll take the word...@032125--Let's just say I'll take the word of a Nobel Prize-winning wrongheaded Keynesian over the WSJ any day.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-48979627377352730302011-01-27T19:00:34.693-06:002011-01-27T19:00:34.693-06:00This is not hard to figure out. If inflation were...This is not hard to figure out. If inflation were 10% then the least that a loan rate would be would be 14%. But loans are as low as 5% now.Marielhttps://www.blogger.com/profile/13357515023872596531noreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-9073061090918447062011-01-27T08:31:26.859-06:002011-01-27T08:31:26.859-06:00Ah. Paul Krugman; court historian. Swift, if you h...Ah. Paul Krugman; court historian. Swift, if you haven't figured out that Krugman is just another wrongheaded Keyensian by now, then nothing I can say will change you. I hope we both survive the hyperinflation and the destruction of the dollar. <br /><br />- 032125Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-81005277947303633652011-01-26T22:08:35.523-06:002011-01-26T22:08:35.523-06:00I'll take Paul Krugman's word before that ...I'll take Paul Krugman's word before that of the WSJ. He doesn't think anybody needs to be concerned about inflation at this point and, in fact, that measures designed to prevent inflation will do vastly more harm than good.<br /><br />--Swift LorisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4912713243046142041.post-70666025600760025562011-01-26T18:50:40.267-06:002011-01-26T18:50:40.267-06:00Likewise the way we measure unemployment has been ...Likewise the way we measure unemployment has been changed over the years to disguise the number of people truly our of work.Anonymousnoreply@blogger.com