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Benton D Struckcheon

(2,347 posts)

3. This is actually interesting.

Reply to Jim Lane (Original post)

Sat Jan 4, 2014, 12:14 AM

Jan 2014

That admission, that inflation isn't driven by the monetary base, is major right wing heresy. That assumption underlies the whole gold bug philosophy, and underlies the logic of Bitcoin, I might add.
Maybe he'll go read Steve Keen now? Not likely.

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Right-wing economist admits error! (This blizzard must have caused Hell to freeze over.) [View all] Jim Lane Jan 2014 OP

not so fast. Laffer's error will still be repeated and taken as gospel by Schema Thing Jan 2014 #1

Inventor of the Laffer Curve, a ridiculous assumption that louis-t Jan 2014 #2

No, the Laffer Curve is perfectly reasonable. Nye Bevan Jan 2014 #4

I've also heard people misrepresent the Laffer Curve as louis-t Jan 2014 #5

That's only true if we are already to the right of the curve's peak Nye Bevan Jan 2014 #10

This is actually interesting. Benton D Struckcheon Jan 2014 #3

Is Laffer so stupid that he doesn't realize we would have had deflation without the stimulus? reformist2 Jan 2014 #6

It's a conservative meme that liberals are "stuck in 1968"... JHB Jan 2014 #9

Admitting error when presented with clear contradictory facts is one thing... JHB Jan 2014 #7

This message was self-deleted by its author JHB Jan 2014 #8

KNR. DirkGently Jan 2014 #11