EdwardBaiamonte
Platinum Member
- Nov 23, 2011
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OK Ed, let's try a few examples. A bunch of people predicted four years ago that quadrupling the monetary base would cause hyperinflation within a year. I saw the TV ads shilling various exotic investments based on that premise. A group of ecocomists generally refered to as "New Keynesians" said that couldn't happen when demand was so weak, and predicted deflation rather than inflation. Prices fell. Which group was correct?
dear, a bunch of people will always accurately guess at what the future holds and be right!! I asked, who are the people, and you replied, a bunch of people. What does that tell you?