tag:blogger.com,1999:blog-1527766217650773141.post4513620479755674305..comments2023-07-12T06:12:30.772-07:00Comments on Demand Side Transcript: 421: Forecast: Stagnant Inflation and Investment, featuring Hyman Minsky and Jeffrey SachsAlanhttp://www.blogger.com/profile/07323700324276425194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1527766217650773141.post-60309131540267885122011-02-13T10:41:26.978-08:002011-02-13T10:41:26.978-08:00One problem with economics is that while debt defl...One problem with economics is that while debt deflation might not have been predicted by Minsky, I also doubt that he would have predicted the complete absence of responsibility by regulators and governments re over leverage. Politicians will always want a cheap (ie not paid by them) boost to the economy via credit as it increases their chances of re-election. Unfortunately after many boosts to the economy it becomes unsustainable. That is where we are now.David Lazarusnoreply@blogger.comtag:blogger.com,1999:blog-1527766217650773141.post-29490263032357931002011-01-25T21:37:36.610-08:002011-01-25T21:37:36.610-08:00Inflation in its true sense is being confused with...Inflation in its true sense is being confused with a commodities bubble rising out of QE II and misplaced monetary policy. Any recovery needs investment. Investment will produce a modest inflation. The Fed will quash inflation, or try, and thus investment and recovery.Anonymousnoreply@blogger.com