4 ms·

The inflation has been in speculative assets. This happened because the expansion of the money supply did not go to the people. In addition, there is debate abo

The inflation has been in speculative assets. This happened because the expansion of the money supply did not go to the people. In addition, there is debate about how accurate the inflation figures are. Some alternative measures are far higher.

nl 7y ago
If he's trying to protect against inflation in speculative asset prices for some reason then he should invest in some of those assets, not silver, which is uncorrelated.
throw0101a 7y ago
> The inflation has been in speculative assets. From what I recall, all the 'inflation hawks' that were complaining about the Fed's QE were talking about the CPI and turning into Zimbabwe (or wherever): > The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve the Fed's objective of promoting employment. * https://economics21.org/html/open-letter-ben-bernanke-287.html https://economics21.org/html/open-letter-ben-bernanke-287.ht... > Thus when Bloomberg tried, four years later, to track down economists who signed the infamous open letter to Ben Bernanke insisting that quantitative easing would “debase the dollar,” it couldn’t find a single person to admit that the original warning was wrong. * https://www.nytimes.com/2018/01/23/opinion/the-durability-of-inflation-derp.html https://www.nytimes.com/2018/01/23/opinion/the-durability-of... > In addition, there is debate about how accurate the inflation figures are. There are different inflation figures, and they each focus on slightly different things, and there is some debate as to what best measure what "real people" experience in day-to-day life. There are also "perma-too-low" types who say that the books are being cooked, but I think it's been shown that the official numbers are fairly accurate: * https://en.wikipedia.org/wiki/MIT_Billion_Prices_project https://en.wikipedia.org/wiki/MIT_Billion_Prices_project > Some alternative measures are far higher. Do you have example(s) of these "alternative measures"?

nl 7y ago

If he's trying to protect against inflation in speculative asset prices for some reason then he should invest in some of those assets, not silver, which is uncorrelated.

throw0101a 7y ago

> The inflation has been in speculative assets. From what I recall, all the 'inflation hawks' that were complaining about the Fed's QE were talking about the CPI and turning into Zimbabwe (or wherever): > The planned asset purchases risk currency debasement and inflation, and we do not think they will achieve the Fed's objective of promoting employment. * https://economics21.org/html/open-letter-ben-bernanke-287.html https://economics21.org/html/open-letter-ben-bernanke-287.ht... > Thus when Bloomberg tried, four years later, to track down economists who signed the infamous open letter to Ben Bernanke insisting that quantitative easing would “debase the dollar,” it couldn’t find a single person to admit that the original warning was wrong. * https://www.nytimes.com/2018/01/23/opinion/the-durability-of-inflation-derp.html https://www.nytimes.com/2018/01/23/opinion/the-durability-of... > In addition, there is debate about how accurate the inflation figures are. There are different inflation figures, and they each focus on slightly different things, and there is some debate as to what best measure what "real people" experience in day-to-day life. There are also "perma-too-low" types who say that the books are being cooked, but I think it's been shown that the official numbers are fairly accurate: * https://en.wikipedia.org/wiki/MIT_Billion_Prices_project https://en.wikipedia.org/wiki/MIT_Billion_Prices_project > Some alternative measures are far higher. Do you have example(s) of these "alternative measures"?