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Austrian friends - I'm looking to make a friendly wager with a Fed defender on future inflation. Setting aside whether we'll actually get "hyperinflation" - does anyone have any recommendations on a good proxy measurement of inflation - one that we both could agree on? Obviously CPI...
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Thanks for your explanation. I have another point. Where does newly created money (inflation) end up? The most obvious is real estate, by giving out mortgages. Another obvious one is the (government) bond market, with government bidding up prices through spending. But what about corporate or business...
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Hi Everyone, I'm drafting a letter to my friends and family about the coming inflation, but I want to be sure I have my figures correct. Feel free to check my math and critique away. Likely M3 pre-QE1 and QE2 The last known M3 was reported as 10298.7 billion by frederalreserve.gov in Feb 2006. I...
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Hi All, I was hoping that folks could clarify something for me. I was having a discussion with someone today who said that he thinks fuel prices drive price inflation. As I understand it, they don't, because as the price of fuel rises, people have less income available to spend on other goods and...
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To increase my understanding of Austrian economics I wanted to compare the views of the inflationists and the deflationists. Some propose that the most likely scenario to happen in the (near) future is high- or hyperinflation while others argue that deflation might occur. Deflation: Bank assets decline...
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Before this thread, goes off on tangents, that will answer the OP post, but probably serve to confuse the discussion generally. I will attempt to answer, for the op, you're friend, might prescribe to socialism, that is leaning more toward communism, that advocates workers rights, state owned enterprises...
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It seems to me that the whole argument for currency debasement to make our exports more competitive is based on the assumption that it will reduce the trade deficit. I feel like that will not necessarily happen because inflation not only reduces the costs of our exports to foreign consumers, it also...
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Hello Im economy student (Prague), and during last few months I read some things about austrian economics. I like it, and Im trying to present this view to my friends whenever discussion about economy occurs. I had a discussion with a friend about inflation vs deflation, where i was a devils advocate...
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How would you respond to someone who claims that it is not monetary inflation that causes prices to rise, but rather vice versa, rising prices cause the central bank to print more money? (Or maybe that the expectation of rising prices causes the central bank to print money ?)
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First of all, let me preemtively apologize for the length of this... Let me explain my situation. I'm 18 years old and about to start college in a few days. I've spent this entire summer, as well as the past two years, devouring everything on economics I could find. I'm lucky; I discovered...