Go Back   Bloggingheads Community > Diavlog comments
FAQ Members List Calendar Search Today's Posts Mark Forums Read


Diavlog comments Post comments about particular diavlogs here.
(Users cannot create new threads.)

Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 09-17-2009, 10:58 PM
Namazu Namazu is offline
Join Date: Jan 2007
Posts: 185
Default Re: Removing the Doughnut (Christopher Hayes & Brink Lindsey)

I'm a little shocked to hear Chris make a case for inflation, since it's basically a tax rich people can avoid and poor people can't. The point is academic: inflation isn't a monetary phenomenon, it's a money-and-credit phenomenon, and existing credit is being destroyed much more rapidly than new credit can be created. We appear to be due for another deflationary depression, worse than the '30s by some of the key stats . If they don't have anything else to worry about, that might be a good time for Chris and Brink to revisit the faith they express here in the capabilities of the Federal Reserve.
Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -4. The time now is 01:45 PM.

Powered by vBulletin® Version 3.8.7 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.