tag:blogger.com,1999:blog-3758330678390419129.post8895621602543841958..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Krugman Teaches Us Some Monetary History (Dali Would Be Proud)Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-3758330678390419129.post-80086402614856335172013-12-24T08:43:32.865-05:002013-12-24T08:43:32.865-05:00Jerry Wolfgang is obviously a penname for Paul Kru...Jerry Wolfgang is obviously a penname for Paul Krugman. It's pretty obvious that the Crimson Arbitrager must be from Harvard (who else would use crimson?) so it looks like Greg Mankiw has joined us here on the EPJ now. <br />Welcome! We look forward to more Keynesian claptrap!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-58704004978743023782013-12-23T21:41:36.257-05:002013-12-23T21:41:36.257-05:00@ Crimson Arbitrager:
The article notes that, a...@ Crimson Arbitrager: <br /><br />The article notes that, according to the BLS, the "value of the dollar" has greatly declined since 1913. In your post of 9:09 AM, you claim that this fact is a "common misconception". You then state that the "monetary value of the dollar" has indeed fallen since 1913. However, you do not define the distinction between the "Quaero Querohttp://mises.orgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-30976584864812097832013-12-23T16:33:26.702-05:002013-12-23T16:33:26.702-05:00I don't get how anyone can argue that the doll...I don't get how anyone can argue that the dollar has been debased coniderably. There is more of them out there than ever and to argue that you can invest your dollar debt iou units to protect purchasing power is to sdmit that the currency is in fact being debased.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-78823987697867824142013-12-23T15:21:24.511-05:002013-12-23T15:21:24.511-05:00Of course they are government shills and defend th...Of course they are government shills and defend the system : they benefit hugely from it and can feel superior by saying that other people just aren't smart enough. It's good for their ego and their wallet, why wouldn't they do it ? Krugman has a lot of completely dishonest or even frankly sociopathic views and we should always remind ourselves that he is a fiery defendant of globalCrimson Arbitragernoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-15771686436821420852013-12-23T15:16:15.423-05:002013-12-23T15:16:15.423-05:00@ Wags : if you're doing something economical...@ Wags : if you're doing something economically stupid you're getting punished for it, that seems entirely normal for me.<br /><br />@ Mike : where have I said or implied that there is no inflation ?!? You seem to have a fundamental inability to process basic concepts.<br /><br />@ Anonymous : what I have saying is that if you disregard the front value of a dollar and consider it as an Crimson Arbitragernoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-66015674733871090762013-12-23T15:11:20.486-05:002013-12-23T15:11:20.486-05:00thanks Jerrythanks JerryAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-17537123007874194542013-12-23T14:34:17.060-05:002013-12-23T14:34:17.060-05:00Crimson, you are parroting Busigin; problem is, th...Crimson, you are parroting Busigin; problem is, this is nonsense for several reasons, not the least of which is that gold (or any other asset), when lent, would also have earned interest.<br /><br />http://bionicmosquito.blogspot.com/2013/11/joe-weisenthal-and-matt-busigin-got.html bionic mosquitohttps://www.blogger.com/profile/12002548958078731031noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-85942275086959210912013-12-23T14:25:54.423-05:002013-12-23T14:25:54.423-05:00Caught red handed.Caught red handed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-51428988380677911042013-12-23T13:06:23.996-05:002013-12-23T13:06:23.996-05:00They should give out a Nobel Prize for "Gover...They should give out a Nobel Prize for "Government Shill-ery". After winning a couple years straight, Krugman could have it named after himself. Of course, he'd be competing with Buffett, Gore, etc. so winning each year would not be a complete given.<br /><br />-GitzAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-79235594770462822632013-12-23T11:46:54.162-05:002013-12-23T11:46:54.162-05:00@ Jerry Wolfgang
That doesn't justify debasin...@ Jerry Wolfgang<br /><br />That doesn't justify debasing another person's property. What about the people who don't want lend to the state or take any risk- savers? The wage earner? <br /><br />stevehttps://www.blogger.com/profile/04254728148882930531noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-63829724328318097152013-12-23T11:07:39.380-05:002013-12-23T11:07:39.380-05:00JW: Troll.JW: Troll.Mikehttp://www.antiwar.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-1601276389268362282013-12-23T11:03:31.208-05:002013-12-23T11:03:31.208-05:00OK, but the Subway sandwich is still more expensiv...OK, but the Subway sandwich is still more expensive than it was last year and year before that, and my pay is not increasing with it. That's reality. I don't know what "design" is supposed to make the dollar more valuable than what it is, or for that matter, what reality this "design" is to take place, but it's starting to suck out here. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-78518805843636733032013-12-23T10:36:29.197-05:002013-12-23T10:36:29.197-05:00Obviously they are trying to discourage you from s...Obviously they are trying to discourage you from storing a dollar under your mattress. The real rate of interest since 1913 on treasuries has been greater than zero so you could have safely lent that money to the govt and outpaced inflation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-47275939372841203182013-12-23T10:33:36.546-05:002013-12-23T10:33:36.546-05:00The footlong is $5.00
http://www.subway.com/Menu/...The footlong is $5.00<br /><br />http://www.subway.com/Menu/MenuCategoryItems.aspx?CC=USA&LC=ENG&MenuId=53&MenuTypeId=1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-15664065081919103922013-12-23T10:30:52.926-05:002013-12-23T10:30:52.926-05:00He's right. It is difficult to find evidence o...He's right. It is difficult to find evidence of debasement if you're an idiot. And Krugman, well...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-34756633801515153722013-12-23T10:24:03.678-05:002013-12-23T10:24:03.678-05:00Why?
Your post is full of non sequitur. If you w...Why?<br /><br />Your post is full of non sequitur. If you want to claim that something is a common misconception, you need to connect the dots. <br /><br />Perhaps the reason that "most people can't grasp" what you are saying is that your post is illogical and does not make any sense. Quaero Querohttp://mises.orgnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-31007760200039470512013-12-23T10:18:48.290-05:002013-12-23T10:18:48.290-05:00So what your saying is if you disregard the value ...So what your saying is if you disregard the value of the dollar, the value of the dollar is consistent. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-45636061214839747242013-12-23T10:08:47.827-05:002013-12-23T10:08:47.827-05:00You don
t shop at the grocery store or for a house...You don<br />t shop at the grocery store or for a house do you? Are you completely stupid?<br /><br />Where do they get these idiots from?Mikehttp://www.antiwar.comnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-82009605105878153152013-12-23T09:50:44.616-05:002013-12-23T09:50:44.616-05:00You are over-complicating it. If I put $1 under my...You are over-complicating it. If I put $1 under my mattress 100 years ago it has far less purchasing power today.Wagsnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-27263035908694892022013-12-23T09:13:52.048-05:002013-12-23T09:13:52.048-05:00Yeah, just found out that a Subway foot long is ar...Yeah, just found out that a Subway foot long is around $8.50. Usually, increases take on about few cents there and few cents here, but this skyrocketed about $3 within a year and half time. Plus, I noticed the inverted product inflation, where the product, itself, is smaller packaging.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-65184684977050373042013-12-23T09:09:00.903-05:002013-12-23T09:09:00.903-05:00That's a common misconception. The monetary v...That's a common misconception. The monetary value of the US Dollar has fallen since 1913 but the thing is, the US system is a debt based system and most people can't grasp that. You can't use the face value of a dollar to gauge its performance, it's just irrelevant because of how the monetary system is designed. Doing so does make someone look like a gold bug hack. You have toCrimson Arbitragernoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-31288273855407745212013-12-23T09:05:18.210-05:002013-12-23T09:05:18.210-05:00Not as hard as the deflation he predicted!!!Not as hard as the deflation he predicted!!!Anonymousnoreply@blogger.com