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  • February 6, 2008 at 8:42 AM #149019
    Fearful
    Participant

    I don’t know. I didn’t make up the theory; I think I read it in something published by a FRB governor.

    It’s a little eerie to think just how little control the central bank has over the money supply. Even if the bank was solely responsible for money creation, e.g. by printing only currency, they could do nothing about people taking that currency and stuffing it under mattresses – effectively taking it out of the supply.

    February 6, 2008 at 1:23 PM #148809
    Anonymous
    Guest

    Andy – do you participate in a trading chat room at Rick’s Picks?

    Nope, not I. I usually just lurk on must blogs I frequent. This is one of the few that I post on.

    February 6, 2008 at 1:23 PM #149061
    Anonymous
    Guest

    Andy – do you participate in a trading chat room at Rick’s Picks?

    Nope, not I. I usually just lurk on must blogs I frequent. This is one of the few that I post on.

    February 6, 2008 at 1:23 PM #149078
    Anonymous
    Guest

    Andy – do you participate in a trading chat room at Rick’s Picks?

    Nope, not I. I usually just lurk on must blogs I frequent. This is one of the few that I post on.

    February 6, 2008 at 1:23 PM #149093
    Anonymous
    Guest

    Andy – do you participate in a trading chat room at Rick’s Picks?

    Nope, not I. I usually just lurk on must blogs I frequent. This is one of the few that I post on.

    February 6, 2008 at 1:23 PM #149165
    Anonymous
    Guest

    Andy – do you participate in a trading chat room at Rick’s Picks?

    Nope, not I. I usually just lurk on must blogs I frequent. This is one of the few that I post on.

    February 6, 2008 at 3:10 PM #148864
    drunkle
    Participant

    how many different aspects of government are keyed to inflation? wages, budgeting, taxation, trade policies, monetary policies, entitlements…

    if your entitlements are going up due to inflation, you’re ok with that. but how would you feel if your entitlements were going down due to decreased inflation (or deflation)?

    so, you save money by not increasing budgets according to real inflation and you save political capital by not having to either cut budgets or increase taxes during deflationary periods. badda bing badda boom, kill two birds with one stone.

    February 6, 2008 at 3:10 PM #149116
    drunkle
    Participant

    how many different aspects of government are keyed to inflation? wages, budgeting, taxation, trade policies, monetary policies, entitlements…

    if your entitlements are going up due to inflation, you’re ok with that. but how would you feel if your entitlements were going down due to decreased inflation (or deflation)?

    so, you save money by not increasing budgets according to real inflation and you save political capital by not having to either cut budgets or increase taxes during deflationary periods. badda bing badda boom, kill two birds with one stone.

    February 6, 2008 at 3:10 PM #149133
    drunkle
    Participant

    how many different aspects of government are keyed to inflation? wages, budgeting, taxation, trade policies, monetary policies, entitlements…

    if your entitlements are going up due to inflation, you’re ok with that. but how would you feel if your entitlements were going down due to decreased inflation (or deflation)?

    so, you save money by not increasing budgets according to real inflation and you save political capital by not having to either cut budgets or increase taxes during deflationary periods. badda bing badda boom, kill two birds with one stone.

    February 6, 2008 at 3:10 PM #149149
    drunkle
    Participant

    how many different aspects of government are keyed to inflation? wages, budgeting, taxation, trade policies, monetary policies, entitlements…

    if your entitlements are going up due to inflation, you’re ok with that. but how would you feel if your entitlements were going down due to decreased inflation (or deflation)?

    so, you save money by not increasing budgets according to real inflation and you save political capital by not having to either cut budgets or increase taxes during deflationary periods. badda bing badda boom, kill two birds with one stone.

    February 6, 2008 at 3:10 PM #149218
    drunkle
    Participant

    how many different aspects of government are keyed to inflation? wages, budgeting, taxation, trade policies, monetary policies, entitlements…

    if your entitlements are going up due to inflation, you’re ok with that. but how would you feel if your entitlements were going down due to decreased inflation (or deflation)?

    so, you save money by not increasing budgets according to real inflation and you save political capital by not having to either cut budgets or increase taxes during deflationary periods. badda bing badda boom, kill two birds with one stone.

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