To: Kirk © who wrote (1748 ) 10/28/2007 7:50:55 PM From: octavian Read Replies (1) | Respond to of 2121 math said: "It reminds me of a former message board moderator who got insulted when Dija asked him to back up claims that he made." kirk responded: <<So you admit that it was dija using multiple names on 101 to harass me by asking the same question I'd answered over and over with new names.... I bet he appreciates you outing him.>> --Surely you know that math was talking about you asking me to leave the board a few years ago, after I asked you to back up some wild anti-brinker accusations. You took offense to being asked for evidence and, in effect, booted me. <<Since then, dija/octavian/et al has misrepresented what I said about inflation and admitted he didn't understand how raising rates counters inflationary pressure --I did not say I didn't understand it. "OK. Here is my honest answer. If I had never heard of Brinker, I would have thought that if oil moved into the 80s and stayed there for a while, that we would have had higher inflation even if the fed DID raise rates." --Right. That is what I wrote. That doesn't mean I don't understand why the fed raises and lowers rates. It means that I underestimated the impact high oil prices would have on inflation, and so did you. The difference is, I admit it, and you cannot bring yourself to admit that Brinker was right, and you were wrong. When brinker started talking about high oil prices not causing inflation except in energy and food, you just said he was wrong. You never said "high oil prices won't cause inflation as long as the fed raises rates to 5% or so." What were rates when brinker started talking about it? I'm not sure they weren't already around 5%.