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Politics : Formerly About Advanced Micro Devices
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To: Tenchusatsu who wrote (654351)5/12/2012 11:57:16 AM
From: tejek  Read Replies (2) of 1579571
 
Inflation is a long way down the road. Let's worry about it when we get close.
I worry about it because it is PRECISELY what Krugman and his followers want. He even argues in some of his papers that the spectre of inflation SHOULD be raised in order to jump-start economies out of liquidity traps.

A little inflation doesn't hurt........in fact we have a little inflation right now. However, there is the flip side to inflation........deflation......and that can be just as bad. And that's what we have been staring down for the past 4 years. Industrial capacity is still below 80%. Housing price still are going down.

Unfortunately, Rs are so limited in their understanding of economics they only see the inflation side to the equation.

With the socialists taking control of Europe (as if Europe isn't already controlled by the left), we're going to see what happens when public policy actively tries to boost nominal GDP. Bad things will happen. It has before, it will again. Look at the 1970's

Uh........its winger economics that has gotten Europe into the mess its in right now. Merkel is a German winger......not a liberal. Same with Sarkozy. Same with Cameron of the UK. They have ruled over Europe's downward spiral for the past 4 years. The UK is in a worst recession than it was in 2008.

Winger economics is a complete and total disaster. The proof isin the pudding. Meanwhile, the US in recovery under a Dem president. And you all still don't get it. What is it they say about old dogs?
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