Comments on: Shooting Fish in a Barrel: Democratic Underground Economics

By: cpi

cpi — Sat, 10 Jun 2006 10:58:25 +0000

[...] Shooting Fish in a Barrel: Democratic Underground Economics Outside Beltway - Every now and then it is fun to stroll through the assylum errr Democratic Underground and see what is going on. Of particular interest to me is the economic forum . Here is one post that I found amusing. It also gives me a chance to explain what [...]

By: jd watson

jd watson — Fri, 09 Jun 2006 03:38:07 +0000

Sorry, but I don't understand your numbers. An inflation rate of 10%/month for 1 year would be 1.1^12=3.138, or a 214% increase, not 285%. An inflation rate of 50%/month for 1 year would be 1.5^12=129.746, or a 12,875% increase, not 8,650%.

By: Rajesh Raut

Rajesh Raut — Fri, 09 Jun 2006 03:00:43 +0000

Might I point out that the difference between 5.1% annual inflation and 10% per month inflation is more than a factor of two.

By: Zelsdorf Ragshaft III

Zelsdorf Ragshaft III — Fri, 09 Jun 2006 01:28:58 +0000

A 4.6% unemployment rate is not great? Unlike the bubble experienced during the Clinton years due to tech stuff, this economy is based upon reality. Growth is big. What is it that is lacking?

By: Don Surber

Don Surber — Fri, 09 Jun 2006 01:25:10 +0000

Good post. Inflation in the 1970s converted more baby boomers to conservatism than any other problem.

By: Michael Demmons

Michael Demmons — Fri, 09 Jun 2006 00:36:53 +0000

You use Google? You commie China sympathizer!!!!