Monday, April 4, 2011

Flawed excuse to print money

Many economists claim there is a tradeoff between unemployment and inflation.  Hussman shows this is a totally flawed interpretation of some old data.  The original data showed that under a gold standard when labor was in short supply wages went up.  Economists have warped this into a claim that they have to print money or there will be unemployment.    Read Hussman and learn just how bad economists are today.


  1. That's some impressive work you've done on your cycle page.

    Do you read FOFOA?

  2. Thanks!

    I have not been reading FOFOA but have just added it to my blog list.

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