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Tuesday, January 9, 2024

“Inflation”


This aggregate general price increase isn’t going to be reversed by November by keeping the current risk free rate static… so the Biden people are stuck with this politically … and the inequity of economic outcomes being caused by this high risk free policy rate they continue to impose…

Democrats sacrificing their political prospects in a deranged defense of art degree monetarism…







3 comments:

  1. The correct way to measure inflation is to take the amount of labor hours needed to buy a basket of goods. It's not the nominal level of some index. Maybe purchasing power fell by what is being claimed, but no one that I have seen is using the former analysis.

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  2. I should have said *purchasing power*.

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  3. This comment has been removed by the author.

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