FRIDAY, FEBRUARY 22, 2013
Heading toward the north on Amtrak: As you may already have heard, we're off on a mission of national import, heading toward the north on Amtrak.
We expect to post tomorrow. We recommend Paul Krugman's column, in which he knocks down the usual experts.
On this national holiday weekend, did we note a few sly Hollywood references? Hooray for Hollywood! Even if by-the-Potomac!
Coming: We accept the Hornaday Challenge!
Many experts disagree with Krugman that our deficits and printing of money isn't a big problem. E.g., see http://finance.yahoo.com/blogs/breakout/currency-cold-war-heating-jeff-saut-121558683.html
ReplyDelete"What I am worried about is if politicians kick the can down the road," Saut explains of the ongoing budget negotiations and the risk that a negative outcome would impact the economy and, in turn, "cause Bernanke to flood the system, and crank up the printing presses again." It's a scenario that he predicts would cause the dollar index to go back down again and likely cause other nations to follow suit to offset the impact of a weaker dollar.
How it all ends is anybody's guess, but if I had to make one, I would say that this race to the bottom will not end well.
Like your own fantasies, David, the predictions of those who have disagreed with Krugman during the recent years of the dollar "printing press" have been wrong.
DeleteWhy should we listen to you today?
"The crisis will come within two years!!" That was the bleat two years ago (and indeed, four years ago as well).
Now you and yours, having been so undeniably wrong with specifics, are reduced to vagueness. "Eventually..." "In the end..." etc.
C'mon, we've more than tripled the money supply (last time I checked) under Obama's Fed. When, exactly, are we going to get the inevitable inflationary effects?
The models of your gurus have spoken: We should already be drowning in inflation! But we aren't, because you and yours are wrong.
Confess your failure, bring a new model or go home.
Exactly. The deficit scolds credibility sucks at this point. These people are like apocalypse predictors.
DeleteMatt and Nona -- You are both correct. Those of us who predicted inflation have so far been wrong. I don't blame you for disbelieving our models. (BTW the inflation predictions have been wrong for 2 or 3 years; the global warming models have been wrong for the last 15 years. I hope you apply the same sort of reasoning to the supposed threat of global warming.)
DeleteAnyhow, I continue to worry because history shows country after country where printing too much money led to runaway inflation. It may be, as Krugman says, that the US won't be hit like the historical examples. I hope Krugman is right. However, I think it's prudent to invest some of my retirement savings in inflation-adjusted ways, like TIPS.
Don't forget to buy gold while you're at it!
DeleteI'm thinking that Mr. Somerby is going north on Amtrak, that wonderful bit of quasi-socialist railroad we in the northeast rely on, when we can afford to do better than the bus.
ReplyDeleteEngaging DavidinCal about the distinctions between a government-subsidized enterprise that emphasizes benefits to users of a service rather than the heavily subsidized "Titanic creators" of that service (viz., 19th century railroad-building) -- well, that's beyond hopeless.
mch, I'd be glad to address Amtrak, a service I used when I lived back East. I'd be even happier to address the pending California high speed rail -- a boondoggle with more government subsidy and less service benefits to users than the 19th century railroads.
DeletePlease let me know if you're looking for a writer for your blog. You have some really good posts and I believe I would be a good asset. If you ever want to take some of the load off, I'd really
ReplyDeletelike to write some content for your blog in exchange for
a link back to mine. Please shoot me an e-mail if interested.
Cheers!
my site - Chemical stump
Sorry, champ. We've already got David in California!!
DeleteHey there! Someone in my Facebook group shared this site with
ReplyDeleteus so I came to give it a look. I'm definitely enjoying the information.
I'm bookmarking and will be tweeting this to my followers!
Terrific blog and terrific style and design.
Feel free to surf to my page free cam to cam sex
I must thank you for the efforts you have put in writing this
ReplyDeleteblog. I am hoping to check out the same high-grade blog posts
from you later on as well. In fact, your creative writing abilities has encouraged me
to get my own blog now ;)
my page betting ratios
You can also rеvise the information so that they will all contribute to
ReplyDeletea single goal or message. For those seeking samples of a coѵeг
letter the web is full of cover letter examples.
- Reiterates your skills anԁ any impoгtant information you
might have not provіded while interviewіng.
Visit my web page: Amazing Cover Letter Creator Free
Sony and Nintendo, by releasing their own game console called Xbox 360.
ReplyDeleteSo perform XBOX 360 in fashion and comfort with Xbox
360 console Wireless Control. 1) Your console is just simply getting insufficient power to supply its operation or when you connect
to an unstable power supply that cause the sudden power surger.
Here is my blog post ... xbox 360 emulator
A good supplements way to the point in setting and achievement?
ReplyDeleteHow Does Bodybuilding Work Bodybuilding is just as
you alter your body's limitations will allow the person fit and smart
physically.
Feel free to visit my page ... bodybuilding news - -
Hiya! I know this is kinda off topic nevertheless I'd figured I'd ask.
ReplyDeleteWould you be interested in exchanging links or maybe guest authoring a blog post or vice-versa?
My site addresses a lot of the same topics as yours and I feel we could greatly benefit from each other.
If you happen to be interested feel free to send me an e-mail.
I look forward to hearing from you! Terrific blog by the way!
Feel free to visit my web-site ... mini warriors gold hack
electronic cigarettes, electronic cigarette brands, electronic cigarette, electronic cigarette, smokeless cigarette, smokeless cigarettes
ReplyDelete