]]On Behalf Of Jim Devine
Sent: Wednesday, January 31, 2001 2:42 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:7617] Re: RE: Re: Re:GDP Byte by Dean Baker, 1/31/01
At 02:23 PM 1/31/01 -0800, you wrote:
I understand that. I was refering to the way the Fed manipulates the
meaning[s]
of the term. Surely
even unexpected
changes in the rate of inflation, and the 'cure' for inflation hurts more than
inflation itself.
-Original Message-
From: Jim Devine [mailto:[EMAIL PROTECTED]]
Sent: Wednesday, January 31, 2001 4:10 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:7613] Re: Re:GDP Byte by Dean Baker
At 02:23 PM 1/31/01 -0800, you wrote:
I understand that. I was refering to the way the Fed manipulates the
meaning[s]
of the term. Surely they weren't moving interest rates like crazy because
of the
CPI? What's AG call it, "constructive ambiguity" or some such?
no, they move it because of
]
[mailto:[EMAIL PROTECTED]]On Behalf Of Jim Devine
Sent: Wednesday, January 31, 2001 2:10 PM
To: [EMAIL PROTECTED]
Subject: [PEN-L:7613] Re: Re:GDP Byte by Dean Baker, 1/31/01
At 02:03 PM 1/31/01 -0800, you wrote:
What are asset price bubbles if not inflation?
"inflation," when
All the price measures continue to show
that inflation is well under control, with the
overall GDP price index rising at a 2.1 percent
annual pace. There is no evidence of the
inflation that prompted the Federal Reserve Board
to raise interest rates six times over the last
year and a half.
At 02:03 PM 1/31/01 -0800, you wrote:
What are asset price bubbles if not inflation?
"inflation," when unqualified, almost always refers to consumer price
inflation. It's okay to add qualifications and thus to talk about asset
inflation, inflation of rhetoric, grade inflation, cost-of-living
