Comments on: Sooner or Later, Inflation http://www.theamericanconservative.com/blog/2009/04/02/sooner-or-later-inflation/?utm_source=rss&utm_medium=rss&utm_campaign=sooner-or-later-inflation @TAC Fri, 10 Feb 2012 04:36:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bonnie Kristian http://www.theamericanconservative.com/blog/2009/04/02/sooner-or-later-inflation/comment-page-1/#comment-21654 Bonnie Kristian Sun, 08 Aug 2010 00:17:06 +0000 http://www.amconmag.com/blog/?p=1682#comment-21654 [...] billion to $1735.3 billion in just five months, with much more to come” — and that was more than a year ago.   However, we don’t seem to be suffering from obvious excess inflation…at least not [...] [...] billion to $1735.3 billion in just five months, with much more to come” — and that was more than a year ago.   However, we don’t seem to be suffering from obvious excess inflation…at least not [...]

]]> By: Young Americans For Liberty » Blog Archive » Is inflation coming? http://www.theamericanconservative.com/blog/2009/04/02/sooner-or-later-inflation/comment-page-1/#comment-5869 Young Americans For Liberty » Blog Archive » Is inflation coming? Thu, 23 Apr 2009 13:05:04 +0000 http://www.amconmag.com/blog/?p=1682#comment-5869 [...] Read the rest here. [...] [...] Read the rest here. [...]

]]> By: lester http://www.theamericanconservative.com/blog/2009/04/02/sooner-or-later-inflation/comment-page-1/#comment-5598 lester Wed, 08 Apr 2009 23:08:31 +0000 http://www.amconmag.com/blog/?p=1682#comment-5598 I''ve noticed the premiums for physical gold have gone up alot I”ve noticed the premiums for physical gold have gone up alot

]]> By: Kirt Higdon http://www.theamericanconservative.com/blog/2009/04/02/sooner-or-later-inflation/comment-page-1/#comment-5512 Kirt Higdon Sat, 04 Apr 2009 13:18:34 +0000 http://www.amconmag.com/blog/?p=1682#comment-5512 "...the surest way to completely destroy consumer confidence is by deflation' - Mr. Pearlman Consumer confidence needs to be shaken so that consumers get out of the habit of borrowing to spend. Yes, this means that a lower standard of living is necessary - more saving, more deferred gratification, less $5 lattes, less pronography, less electronic gadgets. “…the surest way to completely destroy consumer confidence is by deflation’ – Mr. Pearlman

Consumer confidence needs to be shaken so that consumers get out of the habit of borrowing to spend. Yes, this means that a lower standard of living is necessary – more saving, more deferred gratification, less $5 lattes, less pronography, less electronic gadgets.

]]> By: Dennis Dale http://www.theamericanconservative.com/blog/2009/04/02/sooner-or-later-inflation/comment-page-1/#comment-5493 Dennis Dale Fri, 03 Apr 2009 08:10:55 +0000 http://www.amconmag.com/blog/?p=1682#comment-5493 Attention BillBot programmers: Paul Volcker is indeed chairing one of those "competing councils of economic advisers" Jack mentioned. http://en.wikipedia.org/wiki/Economic_Recovery_Advisory_Board Attention BillBot programmers:
Paul Volcker is indeed chairing one of those “competing councils of economic advisers” Jack mentioned.

http://en.wikipedia.org/wiki/Economic_Recovery_Advisory_Board

]]> By: Bill Pearlman http://www.theamericanconservative.com/blog/2009/04/02/sooner-or-later-inflation/comment-page-1/#comment-5488 Bill Pearlman Fri, 03 Apr 2009 01:33:32 +0000 http://www.amconmag.com/blog/?p=1682#comment-5488 Jack, your has ignorant about economics has you are about the middle east. Volcker is over 80 yrs old and is NOT in the room. This is a world wide problem with no clear solution. They are just groping here and the surest way to completely destroy consumer confidence is by deflation Jack, your has ignorant about economics has you are about the middle east. Volcker is over 80 yrs old and is NOT in the room. This is a world wide problem with no clear solution. They are just groping here and the surest way to completely destroy consumer confidence is by deflation

]]> By: tz http://www.theamericanconservative.com/blog/2009/04/02/sooner-or-later-inflation/comment-page-1/#comment-5485 tz Thu, 02 Apr 2009 23:36:52 +0000 http://www.amconmag.com/blog/?p=1682#comment-5485 The amount of credit which is going to vaporize is 52 trillion. 52 trillion. Monetizing even 10% (and we aren't even there yet) is not going to have an effect. But this is where the inflation/deflation is going to be decided. Some of the 52 trillion is ephemeral as well. I don't know where the precise line is but it will require the Fed to not only turn on the afterburners, but run into shrapnel to break open the fuel tanks and ignite it. Meanwhile Ron Paul's bill to audit the Fed moves forward... The amount of credit which is going to vaporize is 52 trillion. 52 trillion. Monetizing even 10% (and we aren’t even there yet) is not going to have an effect.

But this is where the inflation/deflation is going to be decided. Some of the 52 trillion is ephemeral as well. I don’t know where the precise line is but it will require the Fed to not only turn on the afterburners, but run into shrapnel to break open the fuel tanks and ignite it.

Meanwhile Ron Paul’s bill to audit the Fed moves forward…

]]> By: Jack Ross http://www.theamericanconservative.com/blog/2009/04/02/sooner-or-later-inflation/comment-page-1/#comment-5477 Jack Ross Thu, 02 Apr 2009 16:52:35 +0000 http://www.amconmag.com/blog/?p=1682#comment-5477 Well here's where I think there's actually a window to cautious optimism for Obama's policies in the long term - what we clearly need is deflation, and that is a politically incorrect untruth that has to be danced around. A financial commentator I read a while back seemed to have it exactly right when he said "Geithner is haplessly trying to assert control, Larry Summers is doing nothing but sit around and tell everyone he's in charge, and Paul Volcker is the only adult in the room and completely beside himself". And this is why Volcker seems to be there - he got Reagan through the short term traumas of doing what needed to be done, which in that case was to simply get inflation under control, and the optimistic reading at any rate is that this is what's going on now when actual deflation is necessary. I say this fully aware of the mess Obama has made by effectively having three competing Councils of Economic Advisers, and here we see how the situation is extremely analogous to the foreign policy situation, where the adults in the room have to contain the crazies inside the Beltway and also simultaneously dance around and weather the storm of politically incorrect realities. Well here’s where I think there’s actually a window to cautious optimism for Obama’s policies in the long term – what we clearly need is deflation, and that is a politically incorrect untruth that has to be danced around.

A financial commentator I read a while back seemed to have it exactly right when he said “Geithner is haplessly trying to assert control, Larry Summers is doing nothing but sit around and tell everyone he’s in charge, and Paul Volcker is the only adult in the room and completely beside himself”.

And this is why Volcker seems to be there – he got Reagan through the short term traumas of doing what needed to be done, which in that case was to simply get inflation under control, and the optimistic reading at any rate is that this is what’s going on now when actual deflation is necessary.

I say this fully aware of the mess Obama has made by effectively having three competing Councils of Economic Advisers, and here we see how the situation is extremely analogous to the foreign policy situation, where the adults in the room have to contain the crazies inside the Beltway and also simultaneously dance around and weather the storm of politically incorrect realities.

]]>