-
Hey Mises Community members, I'm back with another question. I've been trying to figure out why we have a fiat currency system. There is a ton of information on the 'net about the DISadvantages of fiat currency, but few resources that address its advantages. The best I've found so far...
-
I'm not an economist or an economy student, but I do have an interest in this stuff and I am struggling to understand CPI. I'm not sure if it is really all that important to understand fully. Perhaps someone can offer me some advice or clarification. I watched this video: http://www.youtube.com...
-
[quote] Was the famous internet tech bubble caused directly by government/central banking?[/quote] Yes. The question is which way it caused it. The Rothbardians think that it, and all other economic crises at all times with no effort to check the actual facts, was caused by the Federal Reserve inflating...
-
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...
-
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...
-
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...
-
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...
-
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...
-
Bernanke, worried that inflation is 'too low', looks poised for more 'Quantitative Easing'. I think we all pretty much expected this, although not three weeks prior to the election. Der Spinmeister is preparing the way for higher inflation. I'm trying to figure which measure he's...
-
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...