The Atlanta-Journal Constitution quotes Lew.
Source link: http://blog.mises.org/8980/up-with-falling-prices/
Up with falling prices!
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The article also quotes Robert Prechter, another interesting fellow whose articles have appeared on this site.
The Atlanta-Journal Constitution sounds like the name of a publication that could easily stir up feeling of secession in its Georgian readership.
What event or events will give it the courage to be the voice that refuses to take part in the corruptions of the Federal government?
Regaining States rights will force the Federal government to stop its tyranny. Will the Atlanta-Journal Constitution be at the forefront in re-establishing our Constitutional Republic?
Bruce, I live in Atlanta and the AJC is by far the #1 paper in the state and is not controversial.
As for deflation, where are the “deflation is bad for gold” pundits now? Biggest drop in the CPI on record and gold is up 3%
If the Fed is pumping so much money into the economy, why are we seeing deflation and _not_ hyperinflation?
“If the Fed is pumping so much money into the economy, why are we seeing deflation and _not_ hyperinflation?”
http://mises.org/pdf/balancesheet-oct.pdf
“If the Fed is pumping so much money into the economy, why are we seeing deflation and _not_ hyperinflation?”
http://mises.org/pdf/balancesheet-oct.pdf
Eric,
Can you translate that for us? What accounts for the spikes in those numbers and what is the impact if any on prices?
Are the banks steering away from fractional reserves now?
the top chart shows that the Fed has been expanding it’s balance sheet, (issuing green dollars to financials in exchange for assets {which, these days, can apparantly be anything eg CDOs})
The banks, though are letting their reserves pile up in their vaults rather than lending the money out (they are risk averse and borrowers are too – not a good lubricant for borrowing and lending).
So basically, the Fed’s pumping is impotent.
“pumping”…”impotent”…”not a good lubricant”…”pile up in their vaults”… you guys need to clean up your netiquette. This is a family website
There is no better feeling than a lubricated economy.
There is no better feeling than a lubricated economy.
There is nothing better than a lubricated economy.
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