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To: greeneyes

The inflation is already baked in, imo. The “problem” is, it isn’t linear and it doesn’t happen right away. When it does, watch out. The “experts” in the 1970s were confounded because, something happened that according to them, just was not possible - high inflation and high unemployment. So a new term - stagflation - was coined.

Hyperinflation is a different animal altogether. It occurs when confidence in the currency is lost altogether.


13 posted on 11/30/2012 4:48:58 PM PST by Freedom4US
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To: Freedom4US
Yeh, that was Keynesian Economics - the same that Obama and Krugman worship -course they double worship Marxism in addition. I was taking econ 101 back then, and we had these computer econ models we could experiment with.

Every-time I thought I had figured out the best thing to do, the computer would come back and say “that's ok President Nixon has had trouble with inflation too”.

The main thing I figured out after all the hours playing with the model, was the more the Government did, the worse the long term effect, and things were worse later, than they would have been, if the Government had just done nothing, so most times it would be better for Uncle Sam to do as little as possible.

18 posted on 11/30/2012 5:18:50 PM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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