tag:blogger.com,1999:blog-3758330678390419129.post3135815205805468895..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Business Insider: Low Price HatersRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3758330678390419129.post-70328560993955391882013-11-06T20:25:49.800-05:002013-11-06T20:25:49.800-05:00Astute as always, Jerry. Maybe someone should devi...Astute as always, Jerry. Maybe someone should devise a way to account for this. Perhaps you could value and manage your assets using something like a first in, first out system. I wonder why no one ever thought of that before.Chrisnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-43884084252680534882013-11-06T16:56:01.562-05:002013-11-06T16:56:01.562-05:00A smart businessman or corporation in a stable mar...A smart businessman or corporation in a stable market can account for deflation in pricing. When money creation distorts not just asset values but markets themselves and creates volatility it is obviously much harder to make good business decisions.<br /> Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48066822110687554932013-11-06T16:52:23.350-05:002013-11-06T16:52:23.350-05:00"You'd think even a Keynesian would under..."You'd think even a Keynesian would understand the effect prices have on demand and supply curves."<br /><br />The ultimate irony is that Keynesians think they understand enough to actually "manage" the economy via various fiscal & monetary policies.<br /><br />When you point out additional factors they might have missed it's almost maddening, because it is almost Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-49618668866743242802013-11-06T15:17:11.920-05:002013-11-06T15:17:11.920-05:00buy inventory for 10,000. Sell it for 9,000 due to...buy inventory for 10,000. Sell it for 9,000 due to falling prices. 1000 loss. going out of business sign put up in window.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-17557231280037652132013-11-06T12:12:26.905-05:002013-11-06T12:12:26.905-05:00Paul Krugman lives in the land of nod. He has theo...Paul Krugman lives in the land of nod. He has theories of how the private sector economy works, but only theories, since he's never had to hold a job where people actually hold him accountable for being right. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-75921161778073041182013-11-06T12:06:04.434-05:002013-11-06T12:06:04.434-05:00Hmm, maybe because my old F-150 stopped running an...Hmm, maybe because my old F-150 stopped running and it's cheaper to replace it than fix it. Or maybe it's totally dead and I am grateful that for once in my life, prices are actually falling for trucks, rather than inexorably rising as they've always done. Or maybe I just like driving new trucks and this makes my preference more affordable.<br /><br />You'd think even a Keynesian Chrisnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-8296562784972979042013-11-06T11:32:10.095-05:002013-11-06T11:32:10.095-05:00It seems to me that the common thread in these typ...It seems to me that the common thread in these types of economic arguments (by Krugman and the like) is that the general public ends up being Amity Shlaes's "forgotten man". The lowest priority for them is the rise in the general public's standard of living.<br /><br />I love how these guys don't understand time preference, either. Amazon lets me pay more to have my item Ericnoreply@blogger.com