tag:blogger.com,1999:blog-7905515.post5780440619647085539..comments2024-03-14T11:09:32.759-05:00Comments on Falkenblog: MIT Economists Running Central BanksEric Falkensteinhttp://www.blogger.com/profile/07243687157322033496noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-7905515.post-8836756274730009732012-01-20T09:54:41.648-06:002012-01-20T09:54:41.648-06:00What on earth would drive inflation in this enviro...What on earth would drive inflation in this environment?<br /><br />Commoodity spike is the only one I can see and it seems unlikely given the flatlining of the global economy.WellRednoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-59469292753545164772012-01-18T15:31:30.496-06:002012-01-18T15:31:30.496-06:00If they didn't see our greatest recession sinc...<i>If they didn't see our greatest recession since the great depression coming, why should we expect them to see inflation before it's too late? </i><br /><br />If they didn't see our greatest recession since the great depression coming, why should we expect their hysterical predictions of inflation to come true?<br /><br />Oh right, this isn't about experts, it's about what team you're on.Anonymous #5noreply@blogger.comtag:blogger.com,1999:blog-7905515.post-56447886514452591642012-01-18T11:53:22.219-06:002012-01-18T11:53:22.219-06:00Experts, Schmexperts!:
'The ears of musicians...<a href="http://www.voxeu.org/index.php?q=node/7527" rel="nofollow"><br />Experts, Schmexperts!</a>:<br /><br />'The ears of musicians are obviously not perfect, nor are the taste buds of wine tasters, the eyes of those who judge sports competitions or movies, the reading abilities of those who select books, the diagnoses of those who are supposed to take care of our health.<br /><br />'Though the consequences of financial expertise have more dramatic consequences, why should the Standard and Poors, Moodys and Fitches of this world, who gave triple-A ratings to securities that turned out as junk, be any better?'Patrick R. Sullivannoreply@blogger.comtag:blogger.com,1999:blog-7905515.post-39796211904349146842012-01-17T23:20:07.355-06:002012-01-17T23:20:07.355-06:00What's "too late?" If the economy su...What's "too late?" If the economy sucks because of a massive debt overhang, a jolt of inflation may be just what the doctor ordered.Anonymousnoreply@blogger.com