tag:blogger.com,1999:blog-3758330678390419129.post6019751374959920580..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Paul Krugman Meet Larry SummersRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3758330678390419129.post-29452928367325707162011-06-14T16:41:16.034-04:002011-06-14T16:41:16.034-04:00I was speaking with my father recently about how t...I was speaking with my father recently about how the "experts" point to indices that have all of the important information removed in an attempt to show that things are going well. He responded with a story about a corporate meeting he sat through prior to retiring, where the management's line of discussion went very similar to that pointed out in the 1:00 Anon's comment: "Brianhttps://www.blogger.com/profile/16014392702556826275noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24161808945654509032011-06-13T15:01:04.563-04:002011-06-13T15:01:04.563-04:00You have to think like a Washington insider. Give...You have to think like a Washington insider. Given the doubling of the monetary base, without interest on excess reserves, inflation would be through the roof. That's what it <i>should</i> be. Since inflation is less than that, it is <i>trending downward</i>.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-84936423079436051252011-06-13T13:49:26.666-04:002011-06-13T13:49:26.666-04:00Larry Summers' credibility is trending downard...Larry Summers' credibility is trending downards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-64207730359447824552011-06-13T13:00:29.567-04:002011-06-13T13:00:29.567-04:00Of course it's trending downwards. If we disre...Of course it's trending downwards. If we disregard all items which people need to live because of their inherent volatility, hold certain goods constant for statistical purposes, remove conflicting data points for accuracy, and evaluate the remaining evidence, it's clear that inflation is trending downwards.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-29755529181270704482011-06-13T12:23:10.874-04:002011-06-13T12:23:10.874-04:00I often wonder how hacks like Summers can make a l...I often wonder how hacks like Summers can make a living at econ while I am busy busting my arse. But, then I remember who pays him.Anonymousnoreply@blogger.com