Note to Paul Krugman: Rising Asset Prices Is Price Inflation

by Jul 9, 2014Liberty & Economy0 comments

Krugma writes as though rising asset prices wasn't price inflation of precisely the kind many of us have been warning about.

Ron Paul vs. Paul KrugmanAh, the ever-entertaining Paul Krugman.

On one hand, he notes that “just about every asset category is now high by historical standards”, that “all across the board, assets are up”. And he acknowledges that the “obvious” reason for this is the Fed’s artificially low interest rates.

On the other hand, he ridicules the idea that we are witnessing asset bubbles and continues to mock the “awesome wrongness” of those who have been warning about inflation.

As though rising asset prices wasn’t price inflation of precisely the kind many of those he attempts to mock as being awesomely wrong have been warning about.

This is why he couldn’t see the NASDAQ bubble coming, either, and why he continued to advocate for even lower interest rates despite recognizing the existence of the housing bubble.

When are people going to stop taking this guy seriously?

 

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About Jeremy R. Hammond

About Jeremy R. Hammond

I am an independent journalist, political analyst, publisher and editor of Foreign Policy Journal, book author, and writing coach.

My writings empower readers with the knowledge they need to see through state propaganda intended to manufacture their consent for criminal government policies.

By recognizing when we are being lied to and why, we can fight effectively for liberty, peace, and justice, in order to create a better world for ourselves, our children, and future generations of humanity.

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