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Displaying (2) Comments | Comment on this piece | Report objectionable art
RE: Welcome back. You're fighting a lonisg battle here as a deflationist. Take a look at the sidebar poll for expectations going forward- it's inflation by a wide margin. I think the media has won this battle and established expectations for inflation. What's not clear is whether they came to their position through ignorance or willful deceit. My money's on ignorance as shown by a general lack of understanding about Keynesian theory and the self imposed constraints it includes. Everyone focuses on the government spending and forgets the less enticing parts about real savings, etc.My personal hope is that the coming crisis will be the end of any Keynesian talk. Even though the theory has been incorrectly applied, failure in part will be seen as a failure of the whole. Rate this comment: 0 0
By: | Mar 12, 2014 | Report Comment
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By: | Apr 29, 2012 | Report Comment
einstein
mzabor
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