SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: mishedlo who wrote (75677)12/15/2006 8:28:03 AM
From: TimbaBear  Read Replies (1) of 110194
 
Mish....has it occurred to you that virtually all of the quotes you cited in support of inflation being a monetary phenomenon came from people in positions where, if they had that belief, they would enhance the power of their jobs?

Fed speakers, ECB, Central Bankers......

It's like asking a group of bank robbers whether they thought it was ethical to rob banks.....

I don't think anyone is arguing that inflation is divorced from monetary policy, just some of believe that sometimes other factors come into play which may even override the monetary in impact.

The "true believers" of any dogma are always prone to be blindsided by events that don't dovetail into their dogma. They don't see the events coming because they don't have open enough minds to accurately assess the incoming data that would be at odds with their dogma.

Timba
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext