I find it very useful to question hard some of the things I think I know, and to also persuade myself that it is possible for me to support something that often-times I would be inclined to reject out of hand as being silly. Take for example the case of inflation. I know about all kinds of macro models that tell me that moderate levels of inflation can indeed be “good” in an aggregate welfare sense. But since I think macro is voodoo, I typically stop paying attention because even if the voodoo turns out to have useful truths in it, by the time we run the policy through the political sausage grinder, well, we don’t get very good tasting sausage.
So I was asking myself the other morning while in the shower (and worrying that my heating bill may be increasing due to the long, hot shower), in what cases could I be persuaded to accept higher inflation. I know, you think that’s stupid, but again, I find it to be healthy. So the way I approach such questions is to ask myself what ELSE I care about. That makes this a far easier question. You see, as an economist I am dogmatically trained to look for tradeoffs everywhere and always. And as such, even if I recognize the costs of inflation, I should be on the lookout for a tradeoff I would be willing to make in exchange for it. So, what else do I like? Well, trees, streams and mountains would be one of them.
And what does that have to do with inflation?
I’ll play not nice and make you wait until tomorrow to find out! See you then.
In an inflationary period, investors will allocate more wealth toward hard assets and hold less wealth in federal reserve notes.
This increases the incentive to buy – and preserve – assets such as streams, mountains and trees.
Maybe.
370144 59716Thanks for the details provided! I was discovering for this information for a long time, but I wasnt able to discover a reliable source. 59263
833971 56484I dont agree with this particular post. However, I did researched in Google and Ive found out that you are correct and I had been thinking within the incorrect way. Continue producing quality material comparable to this. 521565
Im grateful for the article post.Really looking forward to read more.
Looking forward to reading more. Great article.
Thanks for sharing your info. I truly appreciate yourefforts and I am waiting for your further write ups thank you once again.
Very informative post.Thanks Again. Keep writing.
This is nicely put! !harvard college essay help writing a thesis assignment writing service review
Thanks again for the blog article.Thanks Again. Will read on…
I think this is a real great post.
Really informative article.Thanks Again. Much obliged.
Very good article post.Thanks Again.
I really like and appreciate your post. Cool.
Say, you got a nice article.Really looking forward to read more. Keep writing.
Major thankies for the blog post.Much thanks again. Will read on…
I really like and appreciate your blog.Much thanks again. Keep writing.
informatii interesante si utile postate pe blogul dumneavoastra. dar ca si o paranteza , ce parere aveti de inchiriere vile vacanta ?.
Hemen tıkla ve instagram beğeni satın al: instagram beğeni satın al
plaquenil oct does hydroxychloroquine cause hair loss
Hello sirI regularly follow your articlesSpeaking of careerpoint of view can you kindly share something on wages/salary
Thanks , I have just been looking for info approximately this subjectfor a long time and yours is the greatest I have came upon till now.However, what concerning the conclusion? Are you positive about the supply?
Just bookmarked this blog post as I have found it rather helpful.
I needed to thank you for this very good read!! I certainly loved every little bit of it.I have you book-marked to look at new things you post…
อยากได้เล่นพนันถึงแม้ไปคาสิโนไม่ได้ ปัญหาโลกแตกนี้จะหมดไปขอรับเนื่องจากว่า UFABET ได้ชูคาสิโนมาไว้ให้แล้ว มีเกมมากมายทั้งยังบาคาร่า สล็อต แทงบอล มองบอลสด มีหมดขอรับ แค่เพียงลงทะเบียนสมัครสมาชิกกับเราก็เหมือนกับไปคาสิโนจริงๆเลยครับ