tag:blogger.com,1999:blog-3758330678390419129.post672376568819995970..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Where Is the Inflation?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-3758330678390419129.post-68372260285162961842013-01-23T13:54:51.425-05:002013-01-23T13:54:51.425-05:00"All businesses will tell you that they prefe..."All businesses will tell you that they prefer a stable and predictable rate of "price inflation" to the much much greater variety of general price movements under a gold standard."<br /><br /> I would greatly appreciate evidence supporting this claim of unanimous preference for "predictable" price inflation over the "Gold Standard." And to which "Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-44528662729992846152013-01-23T13:24:56.520-05:002013-01-23T13:24:56.520-05:00Perhaps instead of backing up the truck all at onc...Perhaps instead of backing up the truck all at once, you could just buy a few ounces at a time and rebalance as it becomes necessary. I'd recommend Harry Browne's writings and Money Talk radio show: http://www.harrybrowne.org/Archives/Archives.htm Browne studied Mises and ABCT thoroughly, and developed his investment theories on lessons learned in Human Action. Not only was he the Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30142001563235916112013-01-22T10:04:21.882-05:002013-01-22T10:04:21.882-05:00Bob Roddis:
Leaving aside your gratuitous snide co...Bob Roddis:<br />Leaving aside your gratuitous snide comments and ad hominem attacks ("tiny brains"), the OVERWHELMING conclusion of research on the Great Depression points to its main cause as the fixation on maintaining the Gold Standard by policymakers. Rothbard is flat out wrong on this. But your insults seem to suggest a certain level of defensiveness on your part anyways.<br /><brAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-24858149269678751082013-01-22T01:36:24.907-05:002013-01-22T01:36:24.907-05:00We've had plenty of CPI inflation that past fe...We've had plenty of CPI inflation that past few years using the 1980 method as Peter Schiff explained and all in the face of collapsing real estate prices and banks not lending. <br /><br />http://www.flickr.com/photos/bob_roddis/8372500976/in/photostream<br /><br />Further, as Prof. Thornton explained for the 787th time, Austrian theory is not primarily concerned with predicting CPI Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-60072636074594237202013-01-21T16:32:02.099-05:002013-01-21T16:32:02.099-05:00It is true that hyperinflation has not materialize...It is true that hyperinflation has not materialized YET. BUT I think the Austrians argue that it WILL materialize. I suspect they are correct, but I think another economic down leg similar to 2008, possibly 10x worse, may occur before the hyperinflation kicks in. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-31620400411118276452013-01-21T10:27:44.687-05:002013-01-21T10:27:44.687-05:00The author states: "However, only Austrians c...The author states: "However, only Austrians can explain the current dilemma: why hasn’t the massive money printing by the central banks of the world resulted in higher prices."<br /><br />That's flat out not true. The Federal Reserve has spent the last years outlining the logic for exactly this point in numerous speeches and articles. Ben Bernanke is adamant that current Federal Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-90810518559540888352013-01-21T02:46:31.022-05:002013-01-21T02:46:31.022-05:00I'm thinking the lows in Gold are yet to come....I'm thinking the lows in Gold are yet to come. The talking heads I read say we have another down leg in the current secular bear market that started in 2000/2001. They recommend holding cash for now and waiting to back up the truck near the next bottom.<br /><br />Are they correct? I don't know but it could happen.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-22541226976441561922013-01-21T02:43:29.318-05:002013-01-21T02:43:29.318-05:00Don't bet much on lower oil prices lasting ver...Don't bet much on lower oil prices lasting very long:<br />US daily crude production is 5.7 million barrels.<br />US daily crude consumption is 18.8 million barrels.<br /><br />http://www.eia.gov/energyexplained/index.cfm?page=oil_home#tab2<br /><br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-13009023895585578722013-01-20T22:56:04.075-05:002013-01-20T22:56:04.075-05:00Few understand this, but gold is generally not a g...<i>Few understand this, but gold is generally not a good investment during the down phase of the business cycle.</i><br /><br />I pray this lasts a bit longer so I can accumulate more while I have the chance. (Go shorts, go! lol) I'm sure China and a few others are thinking the same :)<br />npcompletehttps://www.blogger.com/profile/09180638009713314654noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82217363943681570692013-01-20T19:55:29.926-05:002013-01-20T19:55:29.926-05:00Coincidentally, the Thornton piece answers the out...Coincidentally, the Thornton piece answers the outrageous and false allegations of the dishonest and dimwitted MMTer Mike Norman in this video from Saturday. The video would be funny if it weren’t so tragic. The video is only 6 minutes long. <br /><br />http://mikenormaneconomics.blogspot.com/2013/01/schiff-austrians-dont-even-see.html<br /><br />The debate is over. We’ve won.<br /><br /><br /Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-6350616234325787352013-01-20T18:56:39.788-05:002013-01-20T18:56:39.788-05:00That's very interesting but my Falcons lost an...That's very interesting but my Falcons lost and my favorite guy dropped off the first page of the leader board. But, maybe worst of all , I'm out of corn chips..... hey is that why my corn chips are $5.00 a bag? What next,$10.00 for a six pack of beer. I'm starting to really get pissed now!:) Ednoreply@blogger.com