Three thoughts. First, there is no inflation, and that was the desire.
D’ye think he got to the part of the textbook where they say monetary policy usually has an 18 month time lag? We’re currently 12 months or so in……
Three thoughts. First, there is no inflation, and that was the desire.
D’ye think he got to the part of the textbook where they say monetary policy usually has an 18 month time lag? We’re currently 12 months or so in……
Well no, I don’t think he can have because he hasn’t written it yet.
Any previous attempts at economic theory are neo-literal.
also, just because inflation is low, the likelihood is that it would have been lower without QE.
Believing Ritchie has even opened the text book is a classic example of the triumph of hope over experience.
Worstall you neoliberal troll
Candidly The previous textbooks and indeed all economic theory prior to 1945 was invalid as conclusively proven by me at Southampton university
Shall we deal in reality?
My superior understanding of economic issues has been proven by the popularity of my book and my appearances before Commons Select Committees.
Yet you choose to ignore that
That is your last contribution here
MB
“Neo-literal”
Very neat. Well done, dear boy, well done.
Murphy sure likes his Neos, hardly a post is made by him without at least one disparaging reference to neo-liberals etc.
One might almost think he was a Smith from the Matrix.
BF
I have to wonder how many Blue pills (Or indeed pills of any colour) Murphy has been ingesting to be bale to spout such continuous nonsense almost day in, day out….
Overuse of a term eventually makes it meaningless.
‘neo-‘; ‘liberal’; ‘capitalist’; etc
To be fair, it’s true that EU QE is pretty young, but the precedent is there – USA, GB, Japan (arguably 20 years thereof) and it has not resulted in inflation in those currencies. So the Euro is likely to follow suit, one would have thought.
@Martin.
Lenny Bruce had a go at that with the N word but you still can’t use it. Unless you’re a N.
According to some people on the internet I am indeed an N.
Still, I suppose that’s better than being an M, a G or a P.
hats off to Mike Hunt and Mike Oque over on TRUK.
It must be so relaxing to live such a sheltered life…
Not true there has been no inflation. Look at the housing market.
Hats off to the Mikes appearing on TRUK. Mike Whim being a huge victory for freedom of speech