....under depression conditions — which is what we have now — inflation is very much a positive thing.The man has no clue as to influences on the economy.
Today's jobs numbers clearly show we are no where near a depression. Thus, he makes an attempt today to redirect his ass out of the grinder (My bold):
A brief note while in transit, about today’s jobs report.Two things should be noted here. In his first post, he was calling for higher inflation because of "the depression". In the second post, he is pooh, poohing the speed of the recovery, not the recovery itself.
Obviously it’s better than we’ve been seeing. But we need much faster job growth; it says something about how beaten down we are that this is considered good news.
So Paulie, what the hell happened to your depression, which caused you to call for further inflation? Let's even give you that it is a slow recovery. Paulie that ain't a depression. Further, because this is a Ben Bernanke manipulated recovery, meaning lots of new money printed, the price inflation is only a wee bit behind the jobs numbers. At that point, Paulie, you are going to look totally out of your mind saying we were in a depression and that even more money printing was required. I remind you, you said this while your Princeton buddy Bernanke has been printing dollars as though he was on a personal contest to beat out G. William Miller as one of the kookiest Fed chairman ever.
Paulie, it may really be time to hang up the NYT column and spend more time on your theories on interstellar trade. Mars is waiting.