Whizo the point is what the CPI or the PCE is really used for. Its most important use is to inform monetary policy as a very gross and imprefect...
Cutting to the chase...in a fiat money system where money is not collaterized the idea of base moeny and credit merge. Notions of money supply...
MSWilliams, the issue in defining inflation is how the definition can distinguish with a general price change in all goods and services over time...
Most people don't notice but the current level of Fed earnings that are turned over to the Treasury ($85B in 2012) is equal to the Sequestration...
I don't look at U.K. economic statistics so I can't comment on your assertion about demand for debt in the U.K. What statistic do you look at to...
I will look at your stuff later, but I want to be very clear and simple here now, Central Banks do not, can not, create demand for private credit....
I'll get to your issues in due course...I have been away from these pages because I have been busy. I will tell you that Central Banks do not,...
I don't know how anyone can confuse a credit crunch with a bank run. A bank run is when a bank's depositors or counter parties want to withdraw...
Morganist, the article was well written but to my sensibilities it was misleading in that it allowed the reader to think that the Capital Reserve...
The linked blog article fails to make the proper distinction between reserves required for bank liquidity and Capital reserves that relate to...
The basic level of comprehension and attention of the general public as mirrored by the established media is at the 'comic book' level of...
The rest of the world is not devoid of imagination...it really operates at the level of the individual anyway. The rest of the world, except the...
We could eliminate that Corporate Tax and raise the tax on dividends to the regular income rates...to attract capital to labor in the U.S. without...
Scataphagos, sorry about the spelling, I write quick, spelling not my strong suit, no offense intended. Issue of mind reading...I don't pretend...
Scraptaphagos, they are going to have to learn to do something else; they may need help and they should get it. As I have advised before in...
Clacy, what is more important for growth, the number of people or the number of innovators and entrepeneurs? What is the relationship between...
achilles28,...and yet manufacturing output in the U.S. expanded during that time...and the the U.S. is still the largest manufacturing economy in...
Trefoil, I don't think you understand that when I am talking about the demand for credit being fiscally driven, I am implying a fiscal context...
Billyjoerob, the point is that dollars are created by the Fed as the demand debt of the U.S. government. Dollars are used in exchange for value...
Trefoil, demand for credit is created by perception that ROI is possible. You are right that credit formation is demand driven, but it is not the...
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