tag:blogger.com,1999:blog-2761684730989137546.post875507547522521380..comments2024-03-29T02:19:19.866-04:00Comments on Mike Norman Economics: Edward Harrison — Hyman Minsky And Asset Price Inflation Versus Consumer Price Inflationmike normanhttp://www.blogger.com/profile/03296006882513340747noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2761684730989137546.post-9293853033897919352018-03-20T09:50:41.416-04:002018-03-20T09:50:41.416-04:00The whole “inflation!” meme is a joke...
You have...The whole “inflation!” meme is a joke...<br /><br />You have gas go from $2 to $4 and nobody thinks it’s “inflation!” .... now it goes up 15 cents and everybody thinks the world is going to end from “inflation!” ... <br /><br />How do these peoples brains work?<br /><br />I’d call Darwin and complain if I were them...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-36378239372272282802018-03-20T09:46:04.792-04:002018-03-20T09:46:04.792-04:00“Artificial credit creation by banks is the cause ...“Artificial credit creation by banks is the cause of the boom and bust cycle.”<br /><br />There is nothing artificial about it Bob...<br /><br /> the increase in loans/leases result in increase in tax flows and eventually the surpluses have traditionally ended up in depository accounts not the Treasury General Account .... so banks experience a short term increase in reserve assets which displace other risk assets in the balance sheet and economic activity recedes...Matt Frankohttps://www.blogger.com/profile/11978352335097260145noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-1437173320100345912018-03-20T00:07:48.835-04:002018-03-20T00:07:48.835-04:00Minsky, von Mises, and asset price inflation
But y...<i>Minsky, von Mises, and asset price inflation<br />But you also have more debt and higher debt service costs too. And so I like to think of Minsky’s financial stability hypothesis as being consistent with Ludwig von Mises’ concept of malinvestment.</i><br /><br />This article is such garbage. Von Mises explains in detail what is going on. Artificial credit creation by banks is the cause of the boom and bust cycle. That has nothing to do with "capitalism". Minsky makes that essential detail disappear from his half-assed fraudulent theory so that "capitalism" is mysteriously subject to boom and bust cycles. Minsky is like the Clampetts when they hear the doorbell. There goes that spook playin' music in the walls again.Bob Roddishttps://www.blogger.com/profile/17263804608074597937noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-44213024931030196212018-03-19T21:55:32.998-04:002018-03-19T21:55:32.998-04:00Commodities are now considered an "asset clas...Commodities are now considered an "asset class."<br /><br />Didn't use to be that way. They were mostly for use and futures were primarily a way of locking in a price for planning.<br />Tom Hickeyhttps://www.blogger.com/profile/08454222098667643650noreply@blogger.comtag:blogger.com,1999:blog-2761684730989137546.post-44918667113259677452018-03-19T21:13:43.412-04:002018-03-19T21:13:43.412-04:00Interest rates = lever for asset prices
Fiscal pol...Interest rates = lever for asset prices<br />Fiscal policy = lever for goods and services<br /><br />What about commodities? Sort of assets but sort of a goodRyan Harrishttps://www.blogger.com/profile/04815033054435303399noreply@blogger.com