tag:blogger.com,1999:blog-3758330678390419129.post4297583589883137496..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Krugman Slips and Makes an Important PointRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-3758330678390419129.post-37903990066518424862013-02-11T10:14:19.959-05:002013-02-11T10:14:19.959-05:00Thanks Frank. Your reply got me looking and I fou...Thanks Frank. Your reply got me looking and I found some charts that illustrate fairly well what I was looking for. My favorite is this one showing how the cost of electric power versus gold has fallen over time (reflecting improved technology and what would happen to all products versus the dollar with a stable money supply?): <br /><br />http://pricedingold.com/electric-power/<br /><br />Here5-5 15 lovenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-90774105116892070402013-02-10T18:20:40.608-05:002013-02-10T18:20:40.608-05:00Now try the latest L. Randall Wray on 'MML, Th...Now try the latest L. Randall Wray on 'MML, The Euro and The roadto recovery'. Hold you breath.martinnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-26263008677345832682013-02-10T15:03:14.553-05:002013-02-10T15:03:14.553-05:00@5-5 15 love...
This probably isn't as detail...@5-5 15 love...<br /><br /><a href="https://shadesofthomaspaine.wordpress.com/2013/01/25/the-16-trillion-dollar-question-this-is-why-were-poor/" rel="nofollow">This probably isn't as detailed as you want (1960 v. 2013)</a> but, if you want detailed data, it can be found with little effort using Google.Frankhttp://icymi.conoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60072340830244432712013-02-10T13:31:44.774-05:002013-02-10T13:31:44.774-05:00The stuttering and stammering Krugman stammered on...The stuttering and stammering Krugman stammered on a good point by accident. I suppose if one talks enough, they eventually say something that makes sense. Too bad for him it follows on the heels of his humiliating Argentina prediction blowing up in his face and his embarrassing comments about how the public should be disarmed bc the police are a public good. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-69583335922994357942013-02-10T12:54:09.334-05:002013-02-10T12:54:09.334-05:00CPI utilizing 82-84 prices.CPI utilizing 82-84 prices.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57184854082518853612013-02-10T12:44:17.182-05:002013-02-10T12:44:17.182-05:00I have assumed this "simple, yet true, observ...I have assumed this "simple, yet true, observation" to be valid, but I have been unable to find any consolidated data to back this assumption. I would love to see a plot of what an ounce of gold could buy versus time for different everyday items. For example, how many eggs would an ounce of gold buy every year from say 1900 to present? How many gallons of gas did an ounce of gold buy5-5 15 lovenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-3127913082736312872013-02-10T12:33:28.962-05:002013-02-10T12:33:28.962-05:00I'd really like for someone to ask Krugman if ...I'd really like for someone to ask Krugman if he currently owns any precious metals, or stock in precious metals or mining companies...and if not if he ever plans to own such.<br /><br />Imagine if someone would have asked that of Keynes when he advising FDR just prior the gold confiscation....Nick Badalamentihttps://www.blogger.com/profile/14015961786370759940noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-66471561631389145442013-02-10T12:26:20.270-05:002013-02-10T12:26:20.270-05:00You need to look again. It may be true but those c...You need to look again. It may be true but those charts don't prove it. The gold chart is gold priced in dollars, not real goods and services.dots_thotshttps://www.blogger.com/profile/09996130829115749455noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-89314763050552698892013-02-10T11:43:20.232-05:002013-02-10T11:43:20.232-05:00Are we supposed to derive any understanding from t...Are we supposed to derive any understanding from these graphs, Wenzel?<br />(There should be a special type font for sarcasm)Capn Mikenoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-57833822279628042482013-02-10T11:04:18.899-05:002013-02-10T11:04:18.899-05:00"And the fact of the matter is since the star..."And the fact of the matter is since the start of the century what you can buy with an ounce of gold has soared versus a decline in what you can buy with a dollar."<br /><br />This simple, yet true, observation is why those who claim "it isn't the price of gold rising, but the dollar falling" are wrong.bionic mosquitohttp://bionicmosquito.blogspot.com/noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-792736629831979242013-02-10T11:03:32.820-05:002013-02-10T11:03:32.820-05:00What are the numbers on the y-axis for the value o...What are the numbers on the y-axis for the value of the dollar? What do they represent?Anonymousnoreply@blogger.com