gph1

6 ms·

1. 31.▲
   by gph1 14y ago

   What's surprising is that mainstream/orthodox economists have not really veered from the neoclassical position that private debt levels are essentially irrelevant from a macro perspective, on the basis that someone's debt is another person'
2. 32.▲
   Zynga talent drain continues(techcrunch.com)

   2 points by gph1 14y ago|0 comments
3. 33.▲
   by gph1 14y ago

   Alternatively, you could look at the state of Zynga/social games as analogous to the video game crash of 1983, which was largely caused by a deluge of poor quality products from hastily financed startups. From the standpoint of the core gam
4. 34.▲
   by gph1 14y ago

   He's talking about economy wide price level deflation, not some particular group of products. Inflation is a necessary element of capitalism, since productivity growth would have a deflationary outcome if prices staid flat.
5. 35.▲
   Kixeye Is The Lucrative Dark Horse of Facebook Gaming(techcrunch.com)

   1 points by gph1 14y ago|0 comments
6. 36.▲
   by gph1 15y ago

   I'd add Kuhn to that list.
7. 37.▲
   by gph1 15y ago

   The central bank does not have direct control over the money supply. In any case even, money supply growth is not synonymous with inflation. Only when it is outpacing the productive capacity of the economy to absorb it can increases in the