Article

2022-04-07 Economy

Nobel economists were dead wrong on inflation

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Posted by Fred 2022-04-07 00:00|| || Front Page|| [11128 views ] Top

#1 if you read their 'open letter' they presume that the BBB would have reduced 'income inequity' and helped productivity

Economists have made the same wrong assumptions before that the stated purposes of legislation lead to these effects === mthe BBB like many other programs, e.g., the infrastructure bill, the various covid relief bills, have some good sections but a lot of waste, a lot of pork barrel, a lot of special interest subsidy

Posted by Lord Garth 2022-04-07 00:11|| 2022-04-07 00:11|| Front Page Top

#2 ...that whatever upward pressure on prices all this new money might bring there was no threat of inflation.

Correct, it was "no threat." It (inflation) was already taking place. The "open letter" was a political undertaking, nothing more. I am reminded of the gaggle of 52 senior intelligence professionals who spoke against Trump.

Posted by Besoeker 2022-04-07 00:30|| 2022-04-07 00:30|| Front Page Top

#3 There were 100 Authors against Einstein, groupthink is not proof.

Posted by magpie 2022-04-07 02:20|| 2022-04-07 02:20|| Front Page Top

#4 ...They weren't just 'wrong' - they were complimenting the Emperor on his new duds.

Mike

Posted by Mike Kozlowski 2022-04-07 06:58|| 2022-04-07 06:58|| Front Page Top

#5

Proof if you want to spend $$$$$ in DC, there are always experts you can find to support your habit.

eg. Just ask Hunter ☺

Posted by NN2N1 2022-04-07 08:14|| 2022-04-07 08:14|| Front Page Top

#6 Crack futures.

Posted by M. Murcek 2022-04-07 08:15|| 2022-04-07 08:15|| Front Page Top

#7 Milton Friedman wins again!

Posted by SteveS 2022-04-07 09:59|| 2022-04-07 09:59|| Front Page Top

#8 Milton Friedman wins again!

"Hard drugs are very incentivizing..."

Posted by M. Murcek 2022-04-07 10:02|| 2022-04-07 10:02|| Front Page Top

#9 In general, half of any group of economists will be wrong on inflation.

Posted by KBK 2022-04-07 13:36|| 2022-04-07 13:36|| Front Page Top

#10 Much easier to blame Car Dealers and Big Meat.

Posted by swksvolFF 2022-04-07 14:40|| 2022-04-07 14:40|| Front Page Top

#11 ..nuff said.

Posted by Procopius2k 2022-04-07 15:41|| 2022-04-07 15:41|| Front Page Top

#12 So much for the credibility of the 16 out 36 still living Nobel economists. What did they get for trying to sell the Build-Back-Broke-Biden turkey? Are we sure they aren't like the dead Dem voters?

Posted by JonhQC 2022-04-07 16:47|| 2022-04-07 16:47|| Front Page Top

#13 I guess if they mean their personal economic situation improved after the check cleared.

Posted by swksvolFF 2022-04-07 18:13|| 2022-04-07 18:13|| Front Page Top

#14 They'd be better off sellin' Buicks, if you know what that means.

Posted by M. Murcek 2022-04-07 18:16|| 2022-04-07 18:16|| Front Page Top

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