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MikePMoffatt

  1. @michael_r_smith Agreed, he's not the best representative, but it's from the orthodox thinking of the school.
  2. @michael_r_smith See here: digitaljournal.com/article/277904
  3. @jordynmarcellus Yeah, that's exactly the problem.
  4. @stephenfgordon Yeah. Swiss and Danish yields also negative. Craziness.
  5. @michael_r_smith But Schiff said there'd be a huge *price* inflation, which ended up being horribly, laughably incorrect.
  6. We're making the same monetary policy mistakes we did in the 1930s (and in the 1990s in Japan). There's absolutely no excuse.
  7. I think I'm going to be ill. How is this not the biggest story anywhere? Why are we not grilling our central bankers?
  8. @c_9 Basically means investment climate so bad, people paying for the privledge for government to look after their money.
  9. Wow, German nominal yields went NEGATIVE?!? today: online.wsj.com/article/BT-CO-… @rgilroy
  10. @dgardner I need to develop a tautological model. It would come in handy.
  11. @dgardner Rubin's model suggests high oil prices causes low oil prices. Hard to see how that's possible.
  12. @dgardner Yes, exactly. I should diagram and video it. Basic AD/AS model.
  13. @dgardner His theory makes no sense. A supply-side shock due to oil should look something like stagflation. US has record low inflation.
  14. @michael_r_smith You can have asset bubbles in a low inflation environment. I don't think anyone denies that.
  15. @michael_r_smith But if you're going back to the 1970s RE: Keynesians, yes, I'd agree.
  16. @michael_r_smith Sure, the Austrians have got a number things right. But their monetary policy analysis has always been poor.
  17. @michael_r_smith When have we had high inflation in the last 30 years?
  18. @michael_r_smith What I'd love to see the Austrians explain to us why all the inflation they predicted never happened.