Posted by
Andrews on Wednesday, June 10, 2009 6:33:08 PM
It is nice to have confirmation of my predictions, and even better to
get confirmation form a noteworthy economist. In today's WSJ opinion
pages,
Arthur Laffer predicts that Obama's policies will result in
inflation. It is nice to hear this, though I have to ask, what took him
so long? I was worried about inflation even under the more mildly
inflationary Bush administration. Why did it take until now for so many
to realize open market transactions which buy up nearly a trillion
dollars in bonds (supporting $2-3 trillion in new credit) repeated year
after year will result in inflationary woes?
I can't be that much more prescient than these professionals, so I ask again, what took them so long to sound the alarm?
POSTSCRIPT
My most recent posts on inflation include:
Specious Argument
The Rubber Yardstick
Trashing the Economy
Does It Matter?
Surprising
Mixed Blessing
Numbers Aren't Always What They Seem
Mathematical Deception
More Signs of Inflation?
The older posts can be found listed in the postscript to "
Living Large During the Good Times".
POSTSCRIPT II
Apologies to my regular readers for the silence today. I know why writing schedule has been quite irregular lately, with vacations, busy days at work, and a bout of the flu, but I have been writing more in the past day or two. However, thanks to a lengthy wait at a doctor's office today, I simply had no time for writing. Hopefully that won't happen again any time soon, so my posts in the coming days should become as absurdly plentiful as they were for most of the life of this blog.