tag:blogger.com,1999:blog-6616959642391988608.post5937918129531325952..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Misery Index updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-15550682742149668682011-06-17T10:06:36.507-07:002011-06-17T10:06:36.507-07:00"Embodied in Mr. Williams speech is the assum..."Embodied in Mr. Williams speech is the assumption that an increase in GDP represents an increase in economic output. That is why the Fed is unconcerned about rising prices (which it calls "inflation") and very concerned about falling prices (which it calls "deflation"). If there really is some link between money and economic output via a money multiplier, then increasingPublic Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56565028400659584292011-06-16T15:20:46.541-07:002011-06-16T15:20:46.541-07:00Well, core CPI is 1.5 percent over last 12 months,...Well, core CPI is 1.5 percent over last 12 months, and even that probably overstates inflation. I don;t understand the grasping by some to find inflation in a non-inflationary environment.<br /><br />I know Scott is as bald as I am; he must have lived through the inflations of the 1970s and 1980s. That was inflation, and Volcker was right to tighten up, however painful it was. <br /><br />1.5 Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31013662328956113662011-06-16T13:43:16.920-07:002011-06-16T13:43:16.920-07:00Agree with brodero... you're also comparing ba...Agree with brodero... you're also comparing bad policies after a panic eith a tech bubble going bust, 9/11, etc.Anonymoushttps://www.blogger.com/profile/13034123803715253207noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-32824420165175055082011-06-16T12:50:27.139-07:002011-06-16T12:50:27.139-07:00Now Scott...no President should be
judged by Day O...Now Scott...no President should be<br />judged by Day One...Start a year later would be more accurate...<br />but I think you want to make political statement...so OK....broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.com