'FLATING THE ECONOMY
A good piece today from Whiskey & Gunpowder, dealing with the topic of "stagflation," and why if one understands definitions and uses them consistently, such a term is all-but useless.
Anyhow, I don't necessarily agree with the author's prognosis (he thinks deflation's on the way & has been banging that drum for a while now). The article's nonetheless worth reading because it addresses all the "flation" definitions consistently: the amount of money+credit.
Remember, the bullshit you hear peddled by the government and the media regarding "inflation" and the like is either a lie, or the result of willful ignorance. Enjoy the piece.
Anyhow, I don't necessarily agree with the author's prognosis (he thinks deflation's on the way & has been banging that drum for a while now). The article's nonetheless worth reading because it addresses all the "flation" definitions consistently: the amount of money+credit.
Remember, the bullshit you hear peddled by the government and the media regarding "inflation" and the like is either a lie, or the result of willful ignorance. Enjoy the piece.
posted by Mike at 6:12 AM
1 Comments:
I agree -- an instructive piece.
Applesaucer
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