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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: SilentZ who wrote (749766)	10/27/2013 11:46:48 AM
From: combjelly	Read Replies (1) \| Respond to of 1574050

You predicted in 2009 that we were headed for runaway inflation... it's close to five years later and inflation is actually at very low levels for what should be a recovery period. A fact that has the self-aware members of the Austrian School, thankfully a small minority, worried that this discredits their brand of economics because it cannot account for it. Yet Keynesian economics does easily.

To: SilentZ who wrote (749766)	10/28/2013 2:51:20 PM
From: Tenchusatsu	Respond to of 1574050

Z, He said that if these policies really were monetizing federal debt, we would have very high inflation and high bond rates right now, and they're not. That would be true in a vacuum, but right now that inflation is being counteracted by the deflation due to unemployment that is still higher than "normal." Letting the deflation occur by itself is bad, of course, but forever countering that by monetizing debt isn't practical. Worse part about that is it fuels the reluctance to fix the core problems that is depressing economic growth. The Fed, of course, doesn't have the tools to fix those core problems, and the current geniuses in Washington don't know how to fix them, either. Tenchusatsu