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Inflation... Deflation... Let's start again...
Sunday, January 18, 2009
A convincing demonstration of why talking about deflation is largely an exercise in futility.
WARNING! Readers choosing to play the entire video clip are advised that it is extremely unlikely that you will get these nine minutes of your life back!
11 comments:
Hello, Tim, my first visit I'm afraid. I gather from what you're saying, that the monetary influx to the banks may result in considerable oversteer when the banks are finally persuaded to lend again.
P.S. Have you thought of scripting your YouTube contributions, to pare down the academic caveats and hesitations? It was still worth the nine minutes, but you may hit/retain a wider audience if it's a little more plain deal.
I find arguments to be much more persuasive when they come from a dude with a huge beard.
I agree with Sackerson, nine minutes is far too long for the average economic blog reader's attention span. In fact, I would go so far as to.... wait, what were we talking about again?
Sackerson---that is NOT Tim speaking---it's just some dude with a huge beard.
Darn, I thought I'd had a glimpse of the prophet himself!
Tim,
Do you now, or have you ever had a large beard?
Okay... no more.
I wish I could think of something funny to say, but I can't :(
Tim is really Dilbert
in disguise.
Turn the picture upside down: it's Tim with a short beard and a very full head of hair, surely.
Don't call me Shirley.
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