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Economy => Economics => Topic started by: westkybitcoins on July 18, 2011, 11:48:57 AM



Title: Gold hits $1600 USD
Post by: westkybitcoins on July 18, 2011, 11:48:57 AM
Choke on that, Bernanke!  ;D

Prices just keep going up, up, up across the board. But no worries, everyone... after all, inflation is supposed to be good for us!  ::)


Title: Re: Gold hits $1600 USD
Post by: hugolp on July 18, 2011, 12:01:23 PM
Choke on that, Bernanke!  ;D

Prices just keep going up, up, up across the board. But no worries, everyone... after all, inflation is supposed to be good for us!  ::)

Krugman is now trying to defend his denial about inflation by showing charts of sticky prices... And even the sticky prices are going up. Obviously sticky prices are going up slower than non-sticky prices (no shit sherlock), but even sticky prices are going up.

I dont understand how people can keep reading that clown.


Title: Re: Gold hits $1600 USD
Post by: GideonGono on July 18, 2011, 12:07:43 PM
Choke on that, Bernanke!  ;D

Prices just keep going up, up, up across the board. But no worries, everyone... after all, inflation is supposed to be good for us!  ::)

Krugman is now trying to defend his denial about inflation by showing charts of sticky prices... And even the sticky prices are going up. Obviously sticky prices are going up slower than non-sticky prices (no shit sherlock), but even sticky prices are going up.

I dont understand how people can keep reading that clown.

Do you have the link? I have a friend who is a krugman fan. I feel like making fun of a Keynesian right now. :P


Title: Re: Gold hits $1600 USD
Post by: hugolp on July 18, 2011, 12:36:45 PM
Choke on that, Bernanke!  ;D

Prices just keep going up, up, up across the board. But no worries, everyone... after all, inflation is supposed to be good for us!  ::)

Krugman is now trying to defend his denial about inflation by showing charts of sticky prices... And even the sticky prices are going up. Obviously sticky prices are going up slower than non-sticky prices (no shit sherlock), but even sticky prices are going up.

I dont understand how people can keep reading that clown.

Do you have the link? I have a friend who is a krugman fan. I feel like making fun of a Keynesian right now. :P

hxxp://krugman.blogs.nytimes.com/2011/07/15/sticky-note/

Seen here: http://www.economicpolicyjournal.com/2011/07/krugmans-error-of-being-stuck-on-sticky.html