Posts Tagged ‘ CPI ’

How the United States Inflated the World

Nov 30th, 2009 | By | Category: Featured, Macro Economics
After the United States discarded the gold standard, the  dollar remained the worlds reserve currency. Trade around the world was still  conducted in dollars even though it had depreciated against most currencies.  This created havoc. Exporters to the United States received the depreciated  dollars for their goods. OPEC (the Organization ...read more

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“The Government’s New Math: 3.5% – 5.1% = 1935″

Apr 20th, 2007 | By | Category: Macro Economics
Inflation is like the proverbial elephant in the parlor. The idiom gains texture since this elephant is trumpeting and charging with tusks pointed at the butler's abdomen. Other than bad economists who write seductively about substitution and a hundred other gimmicks, does anyone really believe their costs are only going ...read more

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