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.

3 comments:

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

    Do you read FOFOA?

    ReplyDelete
  2. Thanks!

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

    ReplyDelete
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