Friday, April 29, 2011
My comments on Thoma's Economist's View blog today
My comments on Thoma's Economist's View blog today: http://economistsview.typepad.com/economistsview/2011/04/paul-krugman-the-intimidated-fed.html#tpe-action-replied-6a00d83451b33869e201538e34ff2c970b
Last I heard inflation is the cheap way to pay down enormous debt -- and isn't inflation the way to "painlessly" reduce the real price of real estate; the classic way severe housing slumps (caused by burst bubbles) end? ******
First and foremost is inflation the cheaper and quicker way out of federal (Chinese) debt and out of our busted housing bubble (historical average time to get out I just read in one of David McWilliams' books: 5-7 years)? Which busted bubble is threatening us with a lost decade or two. Is it or is it not; let's get the giant positive(s, plural) established before we weigh the trade offs.