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To: DMaA who wrote (1433)8/8/2008 10:17:21 AM
From: c.hinton  Respond to of 3816
 
"in the long term we are all dead"john maynard keynes



To: DMaA who wrote (1433)8/8/2008 10:19:09 AM
From: c.hinton  Respond to of 3816
 
Long term, in economics, is the period of time required for economic agents to reallocate resources, and generally reestablish equilibrium.

The actual length of this period, usually numbered in years or decades, varies widely depending on circumstantial context. During the long term, all factors are variable.

According to John Maynard Keynes, "In the long term, we're all dead."

wiki



To: DMaA who wrote (1433)8/8/2008 10:28:41 AM
From: c.hinton  Read Replies (1) | Respond to of 3816
 
i must add that you seem to be unaware of the effect expectations of inflation or deflation can have over the long term........

TODAY the germans still worry about inflation because of their experience in the 20s.....

TODAY our current monetary policy is driven by our experience with deflation in the 30s......

i am sorry to say that you and tim need to open some economic history books.


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