tag:blogger.com,1999:blog-53246864840716464.post23445567760100147..comments2024-02-29T00:46:38.800-08:00Comments on Washingtons Blog: Trying to Inflate Our Way Out of Debt Is Like a Monkey Trying To Outrun a LionUnknownnoreply@blogger.comBlogger16125tag:blogger.com,1999:blog-53246864840716464.post-30219100018395554092010-10-23T18:13:41.002-07:002010-10-23T18:13:41.002-07:00Uk Debt<a href="http://www.cardcreditdebt.info" rel="nofollow">Uk Debt</a>Anonymoushttps://www.blogger.com/profile/05505274022149991684noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-53922377493478361012009-09-21T15:20:30.689-07:002009-09-21T15:20:30.689-07:00Inflating away debt is how the Vietnam war was pai...Inflating away debt is how the Vietnam war was paid for. The crime of inflating away debt is that it is the most regressive tax policy around.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-88111215600619556662009-08-31T00:47:56.797-07:002009-08-31T00:47:56.797-07:00ballyfager, it's already happened, but I doubt...ballyfager, it's already happened, but I doubt they'll let you off this train. <br /><br />http://www.dailykos.com/story/2009/6/11/739156/-Art-Laffer-Is-Wrong-On-InflationAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-90080862830255781782009-08-30T17:34:48.111-07:002009-08-30T17:34:48.111-07:00If inflation breaks out no one can say how bad it ...If inflation breaks out no one can say how bad it will get, or how quickly. People simply don't seem to understand this. And if we have reached the point in abstrusive bullshit that permeates our society that people can say with a straight face that government printing is not inflationary (pausing for breath),then let me off at the next stop.ballyfagerhttps://www.blogger.com/profile/16946523913002020541noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-23035039049192452132009-08-29T19:57:50.454-07:002009-08-29T19:57:50.454-07:00Well, if it's a stupid idea that will end up b...Well, if it's a stupid idea that will end up being counterproductive, then I guess I can count on Obama and his band of tax cheats to try it. <br /><br />The economic acumen of the community organizer in chief can be gauged by the bizarre Cash for Clunkers debacle. This has been history's largest and most brazen embrace of the Broken Window Fallacy. <br /><br />I suspect the puff of smoke himself never bothered to read any Bastiat, but I'm sure his advisers have. The fact that they decided to go ahead with this risible destruction of real wealth tells me all I need to know about the Obama Administration: They are willing to destroy America, to leave it with not one stone standing upon another, if necessary to bring about the socialist Utopia they have been imagining since their marijuana-fueled dorm-room bull sessions of the 60's.<br /><br />The only bright side is that I have a large fixed-rate mortgage and a job that is likely to keep pace with inflation. That may keep me right side up until Obama's third or fourth term, when his armies of commissars and czars begin confiscating private property for their country dachas.<br /><br />Nothing to do but await the Revolution, and hope I can take out at least a dozen of the looters and moochers when the Black Maria comes for me. Aux armes, citoyens!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-85876370756399360352009-08-29T13:32:03.800-07:002009-08-29T13:32:03.800-07:00Any idea what happen to that monkey?Any idea what happen to that monkey?# 56https://www.blogger.com/profile/09396614741493799267noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-6682791158213869682009-08-29T12:02:54.205-07:002009-08-29T12:02:54.205-07:00The way out of debt is growth. That's what ha...The way out of debt is growth. That's what has happened in many key cases, especially in the US from 1945 - 1960 and elsewhere. That's what Bernanke and Krugman are saying, and if a little inflation comes with the growth, it's worth it.CapitalistImperialistPighttps://www.blogger.com/profile/17523405806602731435noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-19908345477906010152009-08-29T11:41:09.003-07:002009-08-29T11:41:09.003-07:00Can you do a follow up with Geithner and Bernanke ...Can you do a follow up with Geithner and Bernanke as baboons picking each others butts, picking bugs out of each others fur and eating them. Then,top it all off by having them flick poo at each other?? I'm not sure what it would mean, but I'd like to see their faces on those baboons, etc. :) Maybe one meaning would be to get out of the prehistoric ages - we need to evolve. We need to put some real men in charge - not these backwards a** primates who can't see past themselves and their own interests.Laura Lee - Grace Explosionhttps://www.blogger.com/profile/10002267385228111639noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-44405335051376283342009-08-29T11:01:23.826-07:002009-08-29T11:01:23.826-07:00Funny, of all the people I would not be quoting, i...Funny, of all the people I would not be quoting, it's Hudson.<br /><br />The meme of "China or Japan saying no" is one I am surprised still persists. These two are hardly the only large purchasers, and the meme implies that they (especially the Chinese) are virtually the only purchasers, rather than the reality that the Chinese simply (at most) make borrowing cheaper. (That, and the pervasiveness of The Meme allows other buyers to leverage fears of whether "the Chinese will show up" to game the system.)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-64524378529602622642009-08-29T10:52:38.713-07:002009-08-29T10:52:38.713-07:00Another Reason Why My Doctor Tells Me The Nation S...Another Reason Why My Doctor Tells Me The Nation Shouldn’t Read Megan McArdle…<br /><br />http://inversesquare.wordpress.com/2009/08/28/another-reason-why-my-doctor-tells-me-the-nation-shouldnt-read-megan-mcardle/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-46560929103057576822009-08-29T09:36:25.781-07:002009-08-29T09:36:25.781-07:00Inflating your way out of debt can work if you pin...Inflating your way out of debt can work if you pin down the debt first. That is, if the government unilaterally extends the duration of treasuries during the inflation. Then interest can't rise to match inflation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-66265396569634271172009-08-29T08:29:13.062-07:002009-08-29T08:29:13.062-07:00Great contrarian post, thanks.Great contrarian post, thanks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-54111212543629146502009-08-29T06:26:51.867-07:002009-08-29T06:26:51.867-07:00Jct: The economy is short of money but as long as ...Jct: The economy is short of money but as long as people think inflation is too much money chasing the goods, Shift A, and don't know about the possibility of Shift B inflation, they'll be knocking the solution to their problems. <br />See my youtube video "Shift B inflation" if you can't figure it out on your own.King of the Paupershttps://www.blogger.com/profile/14374913605730692218noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-13856201189258751712009-08-28T22:03:09.995-07:002009-08-28T22:03:09.995-07:00Take a close look at Mugabenomics.Take a close look at Mugabenomics.Tom Dennenhttps://www.blogger.com/profile/13555179685667321735noreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-3294520230123785162009-08-28T16:08:18.579-07:002009-08-28T16:08:18.579-07:00i wouldn't be quoting << Megan McArdle ...i wouldn't be quoting << Megan McArdle >> about anything for any reason at any time.<br /><br />she is a melon headed tool.<br /><br />that is all.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-53246864840716464.post-23080949715882270232009-08-28T15:34:29.835-07:002009-08-28T15:34:29.835-07:00Excellent article. Not so sure if I understand the...Excellent article. Not so sure if I understand the lion baboon analogy, but I do like the picture.<br /><br />This whole idea of washing debt out with inflation doesn't really work. I guess those of us who believe inflation will strike have been trying too hard to get others to understand our point of view and need to let the rotting fruit fall from the tree. When inflation hits, it'll be a "surprise" to everyone but us, who knew it was coming and tried to live within our means, etc..<br /><br />The easier approach is to accept the Washington consensus that inflation is preferable to deflation. In nominal terms, rising prices (really a weaker dollar) mean higher tax revenues and corporate profits, at least for some industries.<br /><br />Interest rate environment will change with de facto inflation. I say de facto because current inflation statistics--like unemployment--aren't being reported accurately by government.<br /><br />Lower inflation reporting allow the government to pay less to borrow--a key consideration considering the quantities of gov't debt being peddled every week.<br /><br />Higher interest rates mean big borrowers will be forced to cut back on borrowing, meaning gov't spending will drop, and crowding out will worsen, putting additional stress on corporations' ability to borrow. Private sector investment, unlike gov't, delivers a good multiplier effect. G--gov't spending--is essentially bottomless. Even removing the Fed won't be able to stymie Washington's spending. It's only once the Chinese/Japanese say no. <br /><br />We can't have a recovery without jobs. Undercounted, the ranks of the disenfranchised grow. Out of sight out of mind. We saw the same thing during Reagan in the early Eighties.jbpeebleshttps://www.blogger.com/profile/11386620564536871255noreply@blogger.com