Duck Tales Inflation Lesson

Yep, Duck Tales cartoons are what Austrians developed their economic theory from.

BTW, inflation of 3% isn't considered anything out of the ordinary. Except to Austrians of course, who get their economic theory from cartoons.
 
Supposedly, Ludwig von Drake was based on Mises.

http://en.wikipedia.org/wiki/Ludwig_Von_Drake

Official inflation numbers are understated. You know that. Supposedly, the St Louis Fed said the money supply has increased 11%. Inflation is going to go up, probably, dramatically. Maybe, some new bubble will emerge to soak up most of it.
 
RStringfield said:
Supposedly, Ludwig von Drake was based on Mises.

http://en.wikipedia.org/wiki/Ludwig_Von_Drake

Official inflation numbers are understated. You know that. Supposedly, the St Louis Fed said the money supply has increased 11%. Inflation is going to go up, probably, dramatically. Maybe, some new bubble will emerge to soak up most of it.
Click to expand...

Money supply /= inflation, and I'm not going to trust any source from you anyway.
 
Watermark said:
Money supply /= inflation, and I'm not going to trust any source from you anyway.
Click to expand...

No, it is not. Prices of most goods and many services would decline without constant increases in money supply. But if money supply grows faster than productivity, then you get inflation. Do you think there has been an 11% increase in productivity in the last several months?
 
RStringfield said:
No, it is not. Prices of most goods and many services would decline without constant increases in money supply. But if money supply grows faster than productivity, then you get inflation. Do you think there has been an 11% increase in productivity in the last several months?
Click to expand...

He's lost, he's decided to become yet another lefty critic of any piece of those who espouse economic freedom without ever bothering to read any of it. He knows the buzzwords like "Austrian economics" and "supply siders" to make it sound like he is a knowledgeable critic of it.
Now he won't even do what he used to do and look at a source to glance over it and attempt to get the gist.
 
Inflation is controlable through "regulations", unlike deficits that according to Cheney, aren't important.
 
You must log in or register to reply here.
Back
Top