Dean Baker Knows We Need More Inflation(called housing bubble before Schiff), 01/28/2/11

[adulby]

I dont see his argument for why external forces cause inflation. Im glad he identifies the difference between rising prices and inflation but I would disagree with him on his "demand" side argument. He wants more spending in an economy that is being corrected of over spending? He should know this more than anyone else after predicting the housing bubble. The reduction in spending is the cure. So in a way hes right and also...wrong. lol

[AntiSchiff]

@adulby

A recession is not a correction. It occurs due to sticky wages and prices, relative to falling money velocity. The housing "correction" occurred in '06 and '07, with '08 and '09 having been the result of falling NGDP.

[zsylvana]

Thanks!Dean Baker is a wise man.For some reason i think of Prof. Wiliam Vickrey at Columbia.Invited to a National Tax Association meeting,in middle of a recession many years ago. He was sitting alone down in front doing a crossword puzzle while corporate types babbled tediously about the international aspects of the Federal corporate income tax,balanced budget. When Q&A time came, he gets up in his gruff voice and says, "Don't you think you're just rearranging deck chairs on the Titanic?"

[ohio1998]

A five year old could figure out the housing bubble was coming. I'm a fan of Dean Baker though.

[AntiSchiff]

@ohio1998

The point is that he called it years before Schiff. I agree, it was easy to see coming, but not for the Schiff 'tards.

[ohio1998]

@AntiSchiff , naw, I know man. 

[RobbyRichards]

@AntiSchiff

Pending approval? I regret posting a comment here. Good day.

[AntiSchiff]

@RobbyRichards

So, you post a comment about regretting posting a comment? I allowed this one through just to show everyone what a total idiot you are.

[RobbyRichards]

@AntiSchiff

In that context I suppose you are right. What I should have said is that I find your blocking of comments atrocious and I do not have as much respect for your channel of dissenting views as I did. But you have the choice of editing your uploader comments so your views appear correct and any others seem idiotic. It is sad to see that we cannot have an open forum to exchange ideas but I'll get over it ;)