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ART LAFFER: I Was Wrong About Inflation And The Fed
Business Insider ^
| 01/03/2014
| Rob Wile
Posted on 01/03/2014 10:22:34 AM PST by SeekAndFind
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To: Toddsterpatriot
Try again.
Estimated declines in United States manufacturing output in selected sectors (18721876)[26] Industry % decline in output Durable goods 30% Iron and steel 45% Construction 30% Overall 10% From the source of your graph. Overall, 10% decline in output.But GDP per person was way up. Businesses evolve, resources get allocated differently.
And this. In the US, from 18731879, 18,000 businesses went bankrupt, including hundreds of banks, and ten states went bankrupt
In a dynamic economy new, more efficient, businesses will replace businesses that refuse to keep up with the times. The bottom line is overall economic activity, and that was way up in the 1873 to 1880 period.
To: SeekAndFind
When you offshore your manufacturing base and put 11% of your workers on a FedGov stipend it is tough to induce inflation. The way they do easing the money ends up in stocks and NEVER makes it to the”common” man. Why is a 30 yr mort at 3.5% still? In this climate a 30 yr note should only be 2% or less.
142
posted on
01/09/2014 3:02:56 PM PST
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: Partisan Gunslinger
143
posted on
01/10/2014 4:47:02 PM PST
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: central_va
Why is a 30 yr mort at 3.5% still? In this climate a 30 yr note should only be 2% or less. A 30 year Treasury yields 3.80% and you think a mortgage should yield half that? LOL!
You're funny.
144
posted on
01/10/2014 8:48:01 PM PST
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: Toddsterpatriot
Confirms the Great Depression as the grandaddy of them all, by far.
To: Partisan Gunslinger
Yes, as Friedman said, the Fed did it.
146
posted on
01/11/2014 2:36:55 PM PST
by
Toddsterpatriot
(Science is hard. Harder if you're stupid.)
To: SeekAndFind
Professor Hans Werner Sinn, an economist and Fellow of the National Bureau of Economic Research in Cambridge (USA), stated an interesting hypothesis in a recent lecture. According to him, fiat money creation depresses interest rates because savers cannot compete with the printing press as the low-cost provider of capital. (
Long lecture 1 hr, 35 min. in German.)
My professors taught that inflation leads to higher interest rates because savers demand a premium to make up for the devalued dollars they will receive at the end of the loan. But this assumes that savers have an alternative market for their money. The current situation shows that this is not always the case. How many investors do we hear complain that there is no place to put their money in today's market.
Interesting.
147
posted on
09/21/2014 12:59:14 PM PDT
by
T Ruth
(Islam shall be defeated.)
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