On Mon, 17 May 2010, keith smith wrote:
Maybe..... What if we were to go into deflation? Wouldn't that help?
herrold, earlier: This looks like wishful thinking. The outsourcing/offshoring genie is out of the bottle, and nothing is going to put it back
Deflation relative to what? Gold? The CHF? The JPY? The EUR? Why should a loss in purchasing power of a unit amount of one currency affect non-lockstep linked currencies at all? Bretton Woods ended those days
Prediction of the path financial markets will take appear to be a multi factor, non-linear problem, with path dependencies.
Anyone saying they _know_ otherwise should be encouraged to play against you in a markets simulation where you run a true random strategy. If they can consistently articulate a durable strategy that produces above market gains, follow it
What if AZ were the first mover in a economic game where it restricted non-documented guest workers and TX and FL followed suit, but NM and CA did not. Where will budget and employment crises continue longer?
Opinons are cheap; horse races are held regularly to settle differences of opinion as to which of a collection of horses can run the fastest. One problem with the study of economics, and behavioural economics, is that there is no 'experimental lab'; and 'repeatable starting conditions' repetition of history, to settle arguments like this.
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