Archive | December, 2011

St. Louis Monetary Base

Kontra Krugman

To piggyback on nfreiling’s post, Krugman’s article makes several oversights which only muddy his analysis. First, he relies on the mainstream definition of inflation—a rise in prices. However, a more accurate definition for inflation would be “an increase in the supply of money”—something that has happened at a historically unprecedented rate if the following chart…
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Inflation

Krugman Cherry-Picks Data to Avoid Inflation Warnings

Leave it to Paul Krugman to try and invalidate Austrian economic theory with a measly 3-year inflation figure: “Austrians…were sure about what would happen as a result: There would be devastating inflation. One popular Austrian commentator who advised (Ron) Paul, Peter Schiff, even warned…of the possibility of Zimbabwe-style hyperinflation in the near future. “So here…
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