Gold hits $1600 USD

westkybitcoins (OP)

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Gold hits $1600 USD

July 18, 2011, 11:48:57 AM

#1

Choke on that, Bernanke! Grin

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

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The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.

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Re: Gold hits $1600 USD

July 18, 2011, 12:01:23 PM

#2

Quote from: westkybitcoins on July 18, 2011, 11:48:57 AM

Choke on that, Bernanke! Grin

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

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.

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Re: Gold hits $1600 USD

July 18, 2011, 12:07:43 PM

#3

Quote from: hugolp on July 18, 2011, 12:01:23 PM

Quote from: westkybitcoins on July 18, 2011, 11:48:57 AM

Choke on that, Bernanke! Grin

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

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. Tongue

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hugolp

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Re: Gold hits $1600 USD

July 18, 2011, 12:36:45 PM

#4

Quote from: GideonGono on July 18, 2011, 12:07:43 PM

Quote from: hugolp on July 18, 2011, 12:01:23 PM

Quote from: westkybitcoins on July 18, 2011, 11:48:57 AM

Choke on that, Bernanke! Grin

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

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. Tongue

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

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The Radix DeFi Protocol is
R A D I X

███████████████████████████████████

The Decentralized

Finance Protocol

Scalable

▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ ██▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██ ██ ██ ██ ██ ████████████████ ██ ██ ██ ██ ██ ██ ██ ██▄▄▄▄▄▄ ██ ██ ██▀▀▀▀██ ██ ██ ██ ██ ██ ██ ██ ██ ███████████████████████