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Author Topic: 'We are not "maxed out" of ideas...' - Mark Carney (Bankster)  (Read 1480 times)
nobbynobbynoob
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January 27, 2013, 10:08:22 PM
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http://www.dailymail.co.uk/news/article-2269099/Mark-Carney-We-maxed-ideas-insists-new-Bank-England-Governor.html

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January 28, 2013, 07:15:10 AM
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The problem is these morons actually seem to think inflation IS growth >_< I'm not sure they know the difference.
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January 28, 2013, 07:47:48 AM
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well they are maxed out of ideas if they are just printing money to pay their own wages they avoid their own wealth destruction by investing in not inflatable assests (those that inflate in price with inflation) gold, property, bitcoins  Cheesy

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January 28, 2013, 07:39:53 PM
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All previous versions of currency will no longer be supported as of this update
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January 28, 2013, 07:41:55 PM
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The problem is these morons actually seem to think inflation IS growth >_< I'm not sure they know the difference.

Growth causes inflation, not the other way around! Correlation doesn't imply causation, and this is a prime example.
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January 28, 2013, 08:09:34 PM
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of course: they just have to pull another quadrillion USD derivatives out of their asses. After all they are as good as (fiat) money.

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January 29, 2013, 12:44:13 PM
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The problem is these morons actually seem to think inflation IS growth >_< I'm not sure they know the difference.

Growth causes inflation, not the other way around! Correlation doesn't imply causation, and this is a prime example.

http://dictionary.reference.com/browse/Inflation?s=t

Economics . a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency ( opposed to deflation ).

Price rises are just that, price rises, the problem is people ( mainly neo-keynesians ) keep deliberately confusing the two things, if the price rise doesn't involve the volume of a currency then it has nothing to do with inflation.
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