Will the future bring deflation or inflation? Some have reasoned that since there was deflation during the thirties and as we are going into a similar situation then we should expect deflation. The events since last year has certainly confirmed their predictions.
The fact is life is never that easy and such simplistic—typically English empirical—analysis based [...]
Posts Tagged ‘deflation’
Here is my Handle Here is my Spout
Posted in History, tagged deflation, depression, dollar, economy, inflation, money, permanent war on September 4, 2009 | Leave a Comment »
Three Economists Fail to Solve a Puzzle
Posted in History, tagged brassage, coin, Debasement, deflation, Econometrics, economists, gold, History, inflation, money, puzzle, reinforcement, seigniorage, tale on November 28, 2008 | Leave a Comment »
Introduction
I found an article on the Internet by the interesting title of The Debasement Puzzle: An Essay on Medieval Monetary History (reprinted in the Federal Reserve Bank of Minneapolis Quarterly Review, 1997). A trio of economists wrote the article, all three working at the time for the Federal Reserve System:
Arthur J. Rolnick
Senior Vice President and [...]
Flow my Dollars the Central Banker Said
Posted in History, tagged deflation, dollar, economy, finance, inflation, monetary base, money on November 5, 2008 | Leave a Comment »
“Flow my tears, fall from your springs
Exil’d for ever: Let me mourn
where nights black bird hir sad infamy sings,
there let me live forlorn.”
-Flow my Tears, John Dowland
In The Magical Jet Engine I wrote about a war in the realm of pure thought between the deflationists and the inflationists. At that time the inflationists were attacking [...]
Defining Inflation
Posted in History, Statistics, tagged CPI, deflation, economy, finance, inflation, mathematics, money, oil, prices on July 11, 2008 | 3 Comments »
Introduction
In The Magical Jet Engine and Global Monetary Disconnect I wrote about a war in the realm of pure thought between those who see deflation and those who see inflation accruing in the economy. The inflation is proven by many charts that show the increase in the price of gold, oil, metals, food, etc., while [...]
