The Epic American Credit and Bond Bubble Laboratory Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Elroy Jetson who wrote (53697)	2/13/2006 1:25:24 PM
From: GraceZ	Read Replies (2) of 110194

Well one has to agree on the level of monetary inflation in order to back it out and measure real vs. nominal. If people can't agree how to define inflation, I see little hope in agreeing on the amount of inflation. Even if we all agreed that inflation was an expansion in the money supply and we use money supply as a measure of inflation....well then we have to agree on a definition of money, economists don't agree here. If we use prices to measure inflation, then we have to agree on what prices to measure, but economists don't agree here either. So basically what you have is a bunch of people, certainly not just Grace Zaccardi and Elroy, who don't even agree on basic definitions necessary to measure economic activity! BTW if we used money supply as a measure of inflation and backed that rate out of the nominal GDP, we'd have been in an economic contraction since the early sixties. Some nuts like you might think this is the case, but no serious economist would characterize the US economy as such.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next