To: reaganaut1; SAJ; groanup; expat_panama; Petronski; Mase
according to the highly regarded Stanford professor John Taylor, "A hundred percent increase in the price level means about 10 percent inflation for 10 years" They don't make highly regarded Stanford professors like they used to.
11 posted on
05/30/2009 3:46:29 PM PDT by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
The professor does not know the rule of 72, huh?
12 posted on
05/30/2009 3:49:06 PM PDT by
NeoCaveman
(control the teleprompter, control the world)
To: Toddsterpatriot
Sounds rather like an ordinary academic dildo who can't comprehend compound multiplication.
A 100% price increase over 10 years is, per year on average, the rate of 1 + the 10th root of 2.
10% inflation for 10 years is hardly 100%: this would represent the 10-year-future price level as being exactly 2.59374 times the current price level (assuming a broad spread of mkts sampled).
Taylor is, apparently, better off confined to his ivory tower than dealing in the real world.
16 posted on
05/30/2009 9:08:59 PM PDT by
SAJ
To: Toddsterpatriot
Maybe this is the guy that taught math to John Williams. If so, it’s understandable why his statistics, and his methodology, hide in the shadows.
22 posted on
05/31/2009 12:54:54 PM PDT by
Mase
(Save me from the people who would save me from myself!)
To: Toddsterpatriot
They don't make highly regarded Stanford professors like they used toLoL. To think Stanford is a top 10 MBA program...
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