Comments on: Immaculate Inflation http://modeledbehavior.com/2011/09/16/immaculate-inflation/ Wed, 22 May 2013 12:58:54 +0000 hourly 1 http://wordpress.com/ By: Immaculate Inflation « polinomix http://modeledbehavior.com/2011/09/16/immaculate-inflation/#comment-28199 Tue, 04 Sep 2012 20:37:53 +0000 https://modeledbehavior.wordpress.com/2011/09/16/immaculate-inflation/#comment-28199 [...] way to think of inflation, here Like this:LikeBe the first to like [...]

]]> By: Natural Born Recovery Killers - NYTimes.com http://modeledbehavior.com/2011/09/16/immaculate-inflation/#comment-28197 Tue, 04 Sep 2012 17:42:55 +0000 https://modeledbehavior.wordpress.com/2011/09/16/immaculate-inflation/#comment-28197 [...] me just add that White and others seem in addition to be victims of the fallacy of immaculate inflation. As Karl Smith said in the linked piece, Inflation must proceed through market processes. Demand [...]

]]> By: Bejubel Market Place Terbaik Indonesia http://modeledbehavior.com/2011/09/16/immaculate-inflation/#comment-19017 Fri, 28 Oct 2011 08:04:45 +0000 https://modeledbehavior.wordpress.com/2011/09/16/immaculate-inflation/#comment-19017 Bejubel Market Place Terbaik Indonesia Ive been following your website for 4 days now with I should tell you I get tons benefits from your commentary. in addition to now how I can get news update from your website?…

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]]> By: jobernard http://modeledbehavior.com/2011/09/16/immaculate-inflation/#comment-17487 Thu, 29 Sep 2011 18:02:16 +0000 https://modeledbehavior.wordpress.com/2011/09/16/immaculate-inflation/#comment-17487 “Well, inflation in the common sense of the term is a rise in all wages and prices.”

If the “common sense of the term” never actually occurs in reality, is it even useful as a model, even at the “macro level”? In particular, if wages don’t rise with prices, inferences from model will be diametrically wrong.

No measure of inflation (or deflation) that does not attempt to distinguish wages from prices and necessities from other products is relevant to the standard of living. And you cannot remotely consider the problem without trying to distinguish speculative buying from demand-for-use.

All the stuff about debt is blue-sky musing using a model with flawed premises.

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