Tag Archives: Inflation

Venezuela’s Currency Manipulations Are Destroying Their Economy

Pretty. Worthless. From the WSJ: Currency Chaos in Venezuela Portends Write-Downs The Gentleman Economist once visited Venezuela, enjoying Caracas, Merida, Angel Falls, a quiet Andean village and a jungle adventure involving riverside hammocks and three days in handmade dugout canoes. Being an … Continue reading

Posted in Corruption, Crony Capitalism, Currency, Economics, Inflation, Markets That Won't Clear, Money, You're Not Helping | Tagged , , , , , , , | Leave a comment

Three Cheers For A Housing Market Recovery, Maybe

Price reduced? Good news for one third of Americans, but not for Peter Dreier From the NYT: What Housing Recovery? In the New York Times Opinion Pages Peter Dreier (Professor of Politics, Urban and Environmental Policy at Occidental College) bemoans that not … Continue reading

Posted in Adverse Selection, Economics, Geography, Housing, Inflation, Markets That Won't Clear, Money, Moral Hazard, You're Not Helping | Tagged , , , , , , , , , | Leave a comment

Learning About The Federal Reserve From The Monopoly Board Game

 Just ask Ben Bernanke

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Why Has Inflation Remained So Low?

Spend your stimulus money here (See previous posts on inflation.) A major argument against economic stimulus is that sooner or later all those extra dollars sloshing around the economy will push up prices and debase the currency.  It seems inevitable, … Continue reading

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Matthew O’Brien of The Atlantic with a Different View On Inflation

From The Atlantic:  This Is the Biggest Mistake 60-Year Old Men Make About the Economy Who are you calling a 60-year old man? (Previous post on inflation here.) The Atlantic’s Matthew O’Brien criticizes Michael Kinsley’s argument for austerity over stimulus, joining … Continue reading

Posted in Economics, Inflation, Money | Tagged , , , | 2 Comments

Amazon Coins Is Just Another Run At the Sovereign Currency Scam

Trust us From Business Insider:  This iOS Developer Thinks Amazon Coins Are A Trick That Will Deceive Customers and Garret Murray:  Amazon Coins: A Terrible Idea For Consumers Apparently, as soon as you’re big enough to be your own country you … Continue reading

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Paul Krugman Wants More Inflation

From the NYT: Not Enough Inflation Too young to remember the 1970’s? Paul Krugman wants more inflation.  Does he not remember the 1970’s?  Does he not remember how hard it was to finally break the back of inflation in the early … Continue reading

Posted in Currency, Economics, Inflation, Money | Tagged , , , , , , | 3 Comments

The Decline of Downwardly Sticky Wages?

From the WSJ:  Steelmaker Presses for 36% Pay Cut A consequence of inflation-as-a-fact-of-life is workers’ cemented expectations that nominal wages never decrease.  Sure, a wage freeze for a year or two could reduce real wages, but the current wage, in … Continue reading

Posted in Economics, Inflation, Labor, Money | Tagged , , , , , | 2 Comments