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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: shades who wrote (59097)4/22/2006 2:14:28 PM
From: bond_bubble  Read Replies (1) of 110194
 
Just to let you know, Murray Rothbard in AGD does not say that CPI fell 50%. No way. As a matter of fact, the govt had price support mechanism (through cooperatives) for food prices and hence the prices were fairly high even though international prices were falling!! Because of this Farmers were overproducing as per AGD!! Also in AGD, Murray Rothbard said that meat packers were selling meat at high prices and making huge profit and people wanted govt to take action against them... So, nowhere in AGD is it mentioned CPI fell 50%. Can you show me where he talks about CPI falling 50%? (Actually Murray Rothbard doesnt believe in CPI). Just to let you know, just as today Fed is using core CPI as guidance, in 1929, Fed used some obscure whole sale price for guidance (and not the CPI). History doesnt Rhyme, it repeats - ditto-
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