Ron Paul 2012! Hooray!!!
On May 8, 12:11*pm, Rich Grise wrote:
On May 5, 11:18*pm, Simon S Aysdie wrote: Further, I agree with Gordon Tullock that the FED can inflate indefinitely, given certain (not described here) constraints on the FED's propensity to inflate. Um, didn't the Weimar Republic try that once?http://en.wikipedia.org/wiki/Hyperin...eimar_Republic And, wasn't that attitude (infinite increase) recently responsible for the Housing Bubble? I have a question. When I included the phrase "constraints on the FED's propensity to inflate," what did you think I meant? (Given that you posted a link to a case example of hyperinflation.) |
Ron Paul 2012! Hooray!!!
Simon S Aysdie wrote:
On May 8, 12:11*pm, Rich Grise wrote: On May 5, 11:18*pm, Simon S Aysdie wrote: Further, I agree with Gordon Tullock that the FED can inflate indefinitely, given certain (not described here) constraints on the FED's propensity to inflate. Um, didn't the Weimar Republic try that once?http://en.wikipedia.org/wiki/Hyperin...eimar_Republic And, wasn't that attitude (infinite increase) recently responsible for the Housing Bubble? I have a question. When I included the phrase "constraints on the FED's propensity to inflate," what did you think I meant? (Given that you posted a link to a case example of hyperinflation.) I was referring to the "inflate indefinitely, given certain (not described here) constraints" part. And constraints on a "propensity" aren't constraints on the power to actually do so. Hope This Helps! Rich |
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