Is the gov't an economy?

Discussion in 'Economics' started by nutmeg, Feb 6, 2013.

  1. zdreg

    zdreg

    is the wife chicken liver?
     
    #61     Feb 15, 2013
  2. No! No, Man! <u>CHOPPED LIVER!</u>

    She definitely is.
     
    #62     Feb 16, 2013
  3. zdreg

    zdreg

    i just fired my proof reader.
     
    #63     Feb 16, 2013
  4. piezoe

    piezoe

    It seems the disconnect between the inflation experienced by ordinary consumers and the government numbers, in the U.S. anyway, came about as hedonics began to be used in computing the inflation rate.

    Naturally the government can reduce its expenditures on entitlements indexed to inflation by adopting the lowest possible headline inflation rate. Keeping the official rate low may also be helpful in financing debt at lower interest rates. So there is an incentive to keep the official rate as low as possible.

    I have relied on the rates reported on John Williams' website www.shadowstats.com as being more realistic, because they are computed as they used to be before hedonics began to be used.
     
    #64     Feb 16, 2013
  5. piezoe

    piezoe

    As an employer you have a simple choice, you can either do the work yourself or pay the going rate. No "force" is needed. The only thing required is professional government and smart policy.
     
    #65     Feb 16, 2013
  6. vicirek

    vicirek

    The confusion regarding inflation rate is because they want you to be confused and that is why various "statistics" are used.

    Inflation is about stealing money from those who currently hold assets by printing or supplying more currency. Therefore inflation can be expressed in a single number in monetary terms as money supply or Fed balance sheet expansion.

    Prices and interest rates are lagging indicator because inflation already occurred well before there is uptick in prices and interest rates. Simply by the time people recognize inflation the money have been already stolen.
     
    #66     Feb 16, 2013