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What you're saying doesn't hold up empirically. And like they say, if it doesn't hold up in practice, how should we accept it as theory
by rtpg 11y ago
What you're saying doesn't hold up empirically. And like they say, if it doesn't hold up in practice, how should we accept it as theory
- ghshephard 11y agoWhich of the three do you think doesn't hold up empirically? That we can cause inflation at will (pretty much universally agreed); that we can cause deflation with a bit of discipline/rigor (the mechanism for this is well understood as well); or that we are unable to reliably maintain a persistent low positive inflation rate (There is a Nobel prize for you if you have a guaranteed formula for that).