Inflation and productivity questions

2003-12-05 Thread Martin Hart-Landsberg
I wanted to ask for help on two questions, one on inflation and the other on productivity. As to the inflation question, a while back business week had a special article on fees. The article argued that many businesses unable to raise prices are adding fees, like banks for example. My question

Re: Inflation and productivity questions

2003-12-05 Thread Michael Perelman
Hart-Landsberg wrote: I wanted to ask for help on two questions, one on inflation and the other on productivity. As to the inflation question, a while back business week had a special article on fees. The article argued that many businesses unable to raise prices are adding fees, like banks

Re: war, growth, inflation

2003-09-17 Thread Mike Ballard
The destruction of social security (via robbing peter to pay paul the war-monger) should finance the war for the ruling class. As for the unemployed, they can join the militree or go to prison. My question is, When is the inflation going to hit the fan? Mike B) --- Peter Bohmer [EMAIL PROTECTED

Re: war, growth, inflation

2003-09-17 Thread Doug Henwood
Peter Bohmer wrote: While the overall unemployment rate was slightly below 4% in the late 1960's, I remember that in a study of several black communities in major urban centers in 1967, the official unemployment rate there was 10% or more and the underemployment rate, which the labor department

Re: war, growth, inflation

2003-09-17 Thread Eugene Coyle
The unemployment rate was NOT at an alltime low in the late 1960s. Scroll back a bit Doug. Gene Coyle Doug Henwood wrote: Peter Bohmer wrote: While the overall unemployment rate was slightly below 4% in the late 1960's, I remember that in a study of several black communities in

war, growth, inflation

2003-09-16 Thread Eubulides
. For the sake of the country, . . . I hope and pray that he is right. Within two years, inflation was galloping, the federal deficit was climbing, and Lyndon Baines Johnson was forced to slam on the brakes with an unpopular tax hike to finance the war and slow the economy. In Johnson's experience, some

Re: war, growth, inflation

2003-09-16 Thread Eugene Coyle
, inflation was galloping, the federal deficit was climbing, and Lyndon Baines Johnson was forced to slam on the brakes with an unpopular tax hike to finance the war and slow the economy. In Johnson's experience, some see a cautionary tale for President Bush. Again, a president is pursuing his domestic

Re: war, growth, inflation

2003-09-16 Thread Doug Henwood
Eugene Coyle wrote: I disagree with the assertion in this piece that in the Vietnam days unemployment was at rock bottom and with the attendant assertion that the economic engines were already revving hot when Vietnam spending slammed on the accelerator. The unemployment rate in the U.S. was 4%

Re: war, growth, inflation

2003-09-16 Thread Peter Bohmer
While the overall unemployment rate was slightly below 4% in the late 1960's, I remember that in a study of several black communities in major urban centers in 1967, the official unemployment rate there was 10% or more and the underemployment rate, which the labor department calculated at that

Iraqi inflation

2003-03-27 Thread Devine, James
Title: Iraqi inflation {was: RE: [PEN-L:36164] Re: RE: Re: Re: Re: Re: Basra uprising wishful thinking ?} my only source about the US dumping of currency is pen-l, so I may be blowing smoke. But any inflation will only affect Iraq (since it's only Iraqi dinars that are being dumped

Re: Iraqi inflation

2003-03-27 Thread Michael Perelman
Daniel had written before about Iraq having excellent plates for printing US currency. I would like to know more about that. Of course, more currency might help the US and thereby make the war more popular after a while. -- Michael Perelman Economics Department California State University

RE: Re: Iraqi inflation

2003-03-27 Thread Devine, James
Title: RE: [PEN-L:36175] Re: Iraqi inflation the problem is that if having more currency might push down the market Fed Funds rate below the Fed's target rate. This would mean that under current operating procedures, the Fed would sell government bonds (a contractionary monetary policy

earmarking rents inflation

2003-02-20 Thread Ian Murray
FEBRUARY 19, 2003 3000-page omnibus giving up its secrets By Alexander Bolton http://www.hillnews.com/news/021903/omnibus.aspx Nearly a week after passing the largest omnibus spending bill in15 years, lawmakers are slowly beginning to discover what they voted while scrambling to finish work on

inflation measure

2002-11-12 Thread Michael Perelman
How do the zero interest rates on cars affect the CPI? I understand that they cost -- at least before the last cut -- something like $4000 to the producer, while the retail cost remains relatively steady. Does the CPI take such matters into account? -- Michael Perelman Economics Department

why we should love inflation

2002-10-28 Thread Ian Murray
[neo-Spinozism is alive and well] Inflation pretty much forces the idea of multiple universes upon us. http://www.nytimes.com/2002/10/29/science/space/29COSM.html?8isc

Re: Re: Re: Inflation and CPI

2002-07-08 Thread Doug Henwood
joanna bujes wrote: Private school tuition ranges from $8,000/year to $20,000/year...and it goes up every year. My alma mater is up to $34,030! That's nearly 2,300 hours of work at the average wage, twice as much as in 1973, when I was there. But do we know how much people really pay? Most

Re: Re: RE: Re: Re: Inflation

2002-07-07 Thread Doug Henwood
[EMAIL PROTECTED] wrote: revealed preferences Who came up with that concept? Doug

Re: Re: Re: RE: Re: Re: Inflation

2002-07-07 Thread enilsson
Doug H wrote revealed preferences Who came up with that concept? Paul Samuelson. Background (from long-ago graduate school days). About 75% of the following is true. In the old days of neoclassical economics they made use of the notion of utility. Utility was generally seen to

Re: Re: inflation and cpi

2002-07-07 Thread joanna bujes
the loose money policy (which exacerbated all kinds of bubbles/ripoffs) was that we didn't have to worry about inflation. Joanna

Re: Re: RE: inflation (offlist)

2002-07-07 Thread joanna bujes
Thanks, that was very interesting. I need to think about it some more. Joanna At 12:18 AM 07/06/2002 -0500, you wrote: I have always considered inflation to be a *general* rise in the price level, rather than a rise in specific prices which feed into the CPI or, as we used to call it, the COL

Re: Re: Inflation and CPI

2002-07-07 Thread joanna bujes
At 06:09 PM 07/05/2002 -0400, Doug wrote: The CPI market basket is based on the Consumer Expenditure Survey http://www.bls.gov/cex/home.htm, not what BLS economists deem it to be, and it includes education, which they weight at 2.7% of spending ftp://146.142.4.23/pub/news.release/cpi.txt. In

Re: Re: Re: inflation and cpi

2002-07-07 Thread enilsson
to be an issue (for instance the misuse of the CPI), they are not about to quibble. They are just weak people. This is important because the whole justification about the loose money policy (which exacerbated all kinds of bubbles/ripoffs) was that we didn't have to worry about inflation. The CPI

Re: Re: Re: Inflation and CPI

2002-07-07 Thread enilsson
Doug wrote: . . .education, which they weight at 2.7% of spending ftp://146.142.4.23/pub/news.release/cpi.txt. In the CES for 2000, households spent 1.5% of after-tax income on education. These numbers seem low, but that's what they say. That does seem low. But, as oddly, the document

Re: Re: Re: Re: Inflation and CPI

2002-07-07 Thread enilsson
Re the 2.7% average spending on education and childcare: I wonder the extent to which this is due to the use of household spending averages. Example: Beaver and family: $50,000 spending and $10,000 in education and childcare spending = 20 spending on ed/childcare%. 70 year old person (a

RE: Re: Re: Re: Re: Inflation and CPI

2002-07-07 Thread Devine, James
Title: RE: [PEN-L:27709] Re: Re: Re: Re: Inflation and CPI also, a lot of the payment for education is in the form of taxes, and so doesn't show up in the CPI. (Does the CPI exclude sales taxes? even if it doesn't, it does exclude most other taxes.) Jd -Original Message- From

Re: Re: Re: RE: Re: Re: Inflation

2002-07-07 Thread Michael Perelman
Isn't that Samuelson's term? On Sun, Jul 07, 2002 at 12:10:24PM -0400, Doug Henwood wrote: [EMAIL PROTECTED] wrote: revealed preferences Who came up with that concept? Doug -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321

Re: RE: Re: Re: Inflation

2002-07-07 Thread Michael Perelman
You have mere preferences; I have cultivated tastes. On Sat, Jul 06, 2002 at 03:35:39PM -0700, Devine, James wrote: I don't remember, what's the difference between tastes and preferences? -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel.

ECRI Inflation data

2002-07-07 Thread pms
Research Institute's Future Inflation Gauge jumped to 101.7 last month from 99.1 in May, ECRI said. After peaking at 124.7 in April 2000, the inflation index dropped sharply as the economic downturn took hold. A greater portion of purchasing managers reported slower deliveries in June, which also

Re: RE: Re: Re: Re: Re: Inflation and CPI

2002-07-07 Thread enilsson
Jim D. wrote, also, a lot of the payment for education is in the form of taxes, and so doesn't show up in the CPI. (Does the CPI exclude sales taxes? even if it doesn't, it does exclude most other taxes.) Only post-tax spending is included in the CPI. Public school spending, etc, does not

RE: Re: RE: inflation

2002-07-06 Thread Devine, James
Title: RE: [PEN-L:27656] Re: RE: inflation I wrote: at some point, economists decided on a conventional definition of inflation as referring only to increasing prices of newly-produced goods and services. Paul writes:I have always considered inflation to be a *general* rise in the price

RE: Re: Re: Inflation

2002-07-06 Thread Devine, James
Title: RE: [PEN-L:27594] Re: Re: Inflation Eric wrote:The CPI likely has failed to take into account many declines in the quality of certain services and goods. While many economists have been interested in arguing (rightly in _some_ cases) that the CPI has sometimes failed to reflect quality

Re: RE: Re: Re: Inflation

2002-07-06 Thread enilsson
Jim wrote, I don't remember, what's the difference between tastes and preferences? Same thing except that preferences likely became common language after the presentation of the notion of revealed preferences in modern welfare economics. Tastes is just older language for the same thing.

Re: Re: Inflation

2002-07-05 Thread Bill Lear
On Thursday, July 4, 2002 at 14:06:16 (-0700) Michael Perelman writes: Help me out here Doug. Usually, I would be inclined to believe Census figures over something from Texas, but Texas Transportation Institute. 2002. 2002 Urban Mobility Study http://mobility.tamu.edu/ums/ Congestion is growing

Re: Re: Re: Inflation

2002-07-05 Thread Eugene Coyle
Doesn't this exchange confuse the increase in delay with total travel time? I. e. ignores an increase in distance traveled? Gene Coyle Bill Lear wrote: On Thursday, July 4, 2002 at 14:06:16 (-0700) Michael Perelman writes: Help me out here Doug. Usually, I would be inclined to believe

Re: Re: Re: Re: Inflation

2002-07-05 Thread Michael Perelman
I began with the distance to suggest that it should be a component of the rent. Doug's statistics on delays were useful since the increasing commutes lead to more congestion, causing more delays. On Fri, Jul 05, 2002 at 08:15:14AM -0700, Eugene Coyle wrote: Doesn't this exchange confuse the

Re: Re: Re: Re: Inflation

2002-07-05 Thread Doug Henwood
Michael Perelman wrote: Help me out here Doug. Usually, I would be inclined to believe Census figures over something from Texas, but Texas Transportation Institute. 2002. 2002 Urban Mobility Study http://mobility.tamu.edu/ums/ Congestion is growing in areas of every size. The 75 urban areas

Re: Inflation

2002-07-05 Thread joanna bujes
switch from high-priced goods to low-priced substitutes. But isn't it equally likely that it understates inflation, because as prices of necessities rise (like housing and health care) they eat up a growing fraction of consumer income and play a bigger role in the cost of living? I mean

Re: Re: Re: Re: Inflation/NYC transit

2002-07-05 Thread joanna bujes
At 02:06 PM 07/04/2002 -0700, you wrote: I am happy to hear about NY public transportation. NY may be unusual in that even moderately well to do people use it. Returned from NYC a few weeks ago and agree that NYC public transit is a miracle of convenience/dependability/efficiency. Prosit!

RE: inflation

2002-07-05 Thread Devine, James
Title: RE: inflation [was: Greenspan's cooked book] I wrote: at some point, economists decided on a conventional definition of inflation as referring only to increasing prices of newly-produced goods and services. Given that convention, inflation in housing prices only counts when

Re: RE: inflation

2002-07-05 Thread phillp2
From: Devine, James [EMAIL PROTECTED] To: '[EMAIL PROTECTED]' [EMAIL PROTECTED] Subject:[PEN-L:27641] RE: inflation Date sent: Fri, 5 Jul 2002 16:44:57 -0700 Send reply to: [EMAIL PROTECTED] I wrote: at some point

Inflation

2002-07-04 Thread Ellen Frank
-priced substitutes. But isn't it equally likely that it understates inflation, because as prices of necessities rise (like housing and health care) they eat up a growing fraction of consumer income and play a bigger role in the cost of living? I mean this seems obvious to me, but during all

Re: Inflation

2002-07-04 Thread enilsson
the possibility that people switch from apples to oranges as the relative price of apples grows. RE But isn't it equally likely that it understates inflation, because as prices of necessities rise (like housing and health care) they eat up a growing fraction of consumer income and play a bigger

RE: inflation

2002-07-04 Thread enilsson
Jim D wrote, at some point, economists decided on a conventional definition of inflation as referring only to increasing prices of newly-produced goods and services. Given that convention, inflation in housing prices only counts when it affects apartment rents (or imputed rent on owner

Re: Inflation

2002-07-04 Thread Michael Perelman
commutes? Does the CPI take into account the deterioration of public transportation? Yet, they emphasize everthing that represents an increase in quality as reflecting a decreasing (hedonic) cost. Ellen Frank wrote: But isn't it equally likely that it understates inflation, because as prices

Re: Re: Inflation

2002-07-04 Thread Doug Henwood
a decreasing (hedonic) cost. Robert Gordon says somewhere that a hedonic index of apparel prices would show much higher inflation than the official measure does, because price increases are hidden behind style changes. You've got a point here, Michael but I think you've picking on the wrong components

on the dollar, debt, credit and inflation

2002-02-18 Thread Steve Diamond
A useful discussion by Peter Warburton, whose book Debt and Deflation is a valuable read (many on this list are no doubt familiar with Warburton but this column seems a useful reminder of the kind of world we live in.) The debasement of world currency: it is inflation, but not as we know

Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Michael Perelman
the credit aggregates, helping to keep inflation lower. Doesn't this mean that the central banks have much less power? On the other hand, the non-bank credit avalanche has enabled a furious pace of fixed investment in physical assets that has promoted structural global excess capacity

RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Devine, James
this author writes: The avalanche of non-bank credit that has swept across the economic landscape over the past 20 years has altered it beyond recognition. On the one hand, it has enabled the monetary aggregates to grow much more slowly than the credit aggregates, helping to keep inflation

Re: RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Michael Perelman
. But the quote doesn't make much sense. Credit can cause inflation just as much as money does. Credit aggregates can't keep inflation low, unless they grow slowly. what's kept inflation low in the US has been low oil prices, low raw material prices in general, and the high dollar. JDevine

Re: RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread phillp2
what's kept inflation low in the US has been low oil prices, low raw material prices in general, and the high dollar. JDevine And the excess capacity in manufacturing world wide that has increased competition and prevented the excercize of monopoly pricing. No? Paul Phillips

Re: on the dollar, debt, credit and inflation

2002-02-18 Thread enilsson
Jim writes, what's kept inflation low in the US has been low oil prices, low raw material prices in general, and the high dollar. The first two certainly have help lots. But I'm no convinced about the high dollar. After all if the dollar is high then other currencies are low. But the other

RE: Re: RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Devine, James
what's kept inflation low in the US has been low oil prices, low raw material prices in general, and the high dollar. JDevine And the excess capacity in manufacturing world wide that has increased competition and prevented the excercize of monopoly pricing. right. Jim D.

Re: Re: RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Christian Gregory
. Here and in his book, Warburton complains that the Fed has been totally uptight about inflation in terms of money, but completely blase about financial credit, such that, if the Fed wanted to control credit, it would have to do it by other means--mostly, he seems to imply, through the regulation

RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Devine, James
I wrote:what's kept inflation low in the US has been low oil prices, low raw material prices in general, and the high dollar. Eric says: The first two certainly have help lots. But I'm no convinced about the high dollar. After all if the dollar is high then other currencies are low

Re: RE: Mommy what's inflation?

2002-01-19 Thread Romain Kroes
What causes inflation? that's simple: too much money chasing too few goods. ;-) Such is the quantity theory. But it matches reality only if the adjustments between all goods and all money are instantaneous and simultaneous. What is reflected in market-equilibrium models of the kind

Re: RE: Mommy what's inflation?

2002-01-19 Thread Romain Kroes
Cancell precedent mail that was not complete What causes inflation? that's simple: too much money chasing too few goods. ;-) Such is the quantity theory of money. But it would match reality, only if adjustments between all goods an all money were simultaneous and instantaneous. So

RE: Re: RE: Mommy what's inflation?

2002-01-19 Thread Devine, James
as indicated by the ';-)' I put in my message, I was joking. The too much money chasing too few goods cliche, like the inflation is always and everywhere a monetary phenomenon, is true by definition and thus empty, useless as an explanation of anything. It begs the question. In reality, I see

Re: RE: Re: RE: Mommy what's inflation?

2002-01-19 Thread Romain Kroes
Jim wrote: as indicated by the ';-)' I put in my message, I was joking. The too much money chasing too few goods cliche, like the inflation is always and everywhere a monetary phenomenon, is true by definition and thus empty, useless as an explanation of anything. It begs the question

Mommy what's inflation?

2002-01-18 Thread Ian Murray
Inflation Why do the items in your shopping basket cost more (or less) than they did the day before? Sally Bolton explains Friday January 18, 2002 What is inflation? Inflation is a sustained rise in prices across an economic area - literally the cost of living. In Britain it is calculated

RE: Mommy what's inflation?

2002-01-18 Thread Devine, James
What causes inflation? that's simple: too much money chasing too few goods. ;-)

Monetary inflation/deflation

2001-06-12 Thread David Shemano
of the unit of account. Conversely, if 50 apples were destroyed in a fire, the price would also increase to $2.00, but that would not be, in my view, an example of monetary inflation, because the price change reflects a change in the quantity of the actual goods and services. David Shemano

RE: Re: Monetary inflation/deflation

2001-06-12 Thread David Shemano
In reply to Michael Perelman: David we were talking about something else -- not the inflation, but the relative value of currencies. Yes, standard theory suggests that pumping up the money supply is the cause of inflation, which then makes a currency eventually fall. Other

Inflation, Population, the General Crisis

2000-10-26 Thread Yoshie Furuhashi
* ...Meanwhile, the stakes were raised by price inflation, reflecting the higher demand attributable to a rise in the population of about 25 percent between 1500 and 1600 and the inflow of silver from the New World; the expansion of both reached a peak by 1600. Thereafter, for a century

query on structural inflation

2000-10-04 Thread Jim Devine
The structural view of inflation in the US suggests that once built into the normal operations of the economy, the wage-price spiral and similar inertial processes tend to persist unless there is a deep or long-lasting and thus painful recession (or successful incomes policies or similar major

Re: Keynes Inflation (was Re: Query on teminology)

2000-09-17 Thread Edwin Dickens
Yoshie, Many thanks for the quotes. But I'm having a hard time interpreting them. Do you see then as a break with Keynes' position in the G.T., particularly concerning monetary policy? These quotes strike me as consistent with his concept of "pure inflation" in the G.T.. Do yo

Keynes Inflation (was Re: Query on teminology)

2000-09-15 Thread Yoshie Furuhashi
I just did a quick scan of my files. I cannot find it. I don't think that it was a major point for him, but it was of some concern. But then I would not trust my memory 100%. Edwin Dickens wrote: Could you be more specific about what you mean by Keynes' later concern with inflation

RE: Regarding deflation/inflation

2000-07-18 Thread Timework Web
Michael Perelman wrote, Dave's report today had two indications that deflationary pressures are weakening. Is that true? Other reports suggest that the economy might be slowing down. What is happening??? Richardson_D wrote: A survey of business economists showed that more companies

Regarding deflation/inflation

2000-07-17 Thread Michael Perelman
Dave's report today had two indications that deflationary pressures are weakening. Is that true? Other reports suggest that the economy might be slowing down. What is happening??? Richardson_D wrote: A survey of business economists showed that more companies are raising prices than at

[PEN-L:10485] Baker on inflation

1999-08-31 Thread Jim Devine
In his on-line Economic Reporting Review, Dean Baker comments on a New York TIMES article by Sylvia Nasar: The article also asserts that increased competition due to the deregulation of industries such as airlines, railroads and telecommunications has been a major factor in keeping prices down.

[PEN-L:8311] Re: Economists challenge Fed's inflation 'hunch'

1999-06-24 Thread Michael Perelman
might end up on pen-l. Robert Naiman wrote: The Christian Science Monitor June 21, 1999, Monday SECTION: FEATURES; WORK MONEY; CAPITAL IDEAS; ECONOMIC SCENE; Pg. 17 LENGTH: 744 words HEADLINE: Economists challenge Fed's inflation 'hunch' BYLINE: David R

[PEN-L:8306] Economists challenge Fed's inflation 'hunch'

1999-06-24 Thread Robert Naiman
The Christian Science Monitor June 21, 1999, Monday SECTION: FEATURES; WORK MONEY; CAPITAL IDEAS; ECONOMIC SCENE; Pg. 17 LENGTH: 744 words HEADLINE: Economists challenge Fed's inflation 'hunch' BYLINE: David R. Francis, Staff writer of The Christian Science

[PEN-L:6821] A thought on inflation

1999-05-14 Thread Michael Perelman
Now that inflation has returned to the financial pages, at least for a day, and papers are filled with glowing stories about corporate consolidations, I wonder if we're going to see a return to the idea that corporate power is a major factor in price increases? -- Michael Perelman Economics

[PEN-L:6737] Re: ANALYSIS--Labor/inflation theory nears last breath

1999-05-12 Thread Jim Devine
IN THIS MESSAGE: ANALYSIS--Labor/inflation theory nears last breath... Monday May 3, 3:15 pm Eastern Time ANALYSIS--Labor/inflation theory nears last breath By Isabelle Clary NEW YORK, May 3 (Reuters) - It seems like just about everyone is working in the United States, except the Phillips

[PEN-L:6369] ANALYSIS--Labor/inflation theory nears last breath; 3rd WorldMust Do With Less; Undemocratic Regimes Get Billions; NicaraguanPolice/Army Called Out Against Strikers

1999-05-03 Thread Michael Eisenscher
IN THIS MESSAGE: ANALYSIS--Labor/inflation theory nears last breath; 3rd World Must Do With Less; Undemocratic Regimes Get Billions; Nicaraguan Police/Army Called Out Against Strikers Monday May 3, 3:15 pm Eastern Time ANALYSIS--Labor/inflation theory nears last breath By Isabelle Clary

[PEN-L:515] Re: Re: What? Me Worry? Economics; Evidence Wage Inflation?

1998-08-04 Thread Robert Naiman
actually, there is no reason to worry about the IMF being strapped for cash, because 1) it isn't. a recent gao report says the IMF has $43 billion in lendable reserves. when you add in the New Arrangements to Borrow and their gold reserves, they have $100 billion; if you count their ability

[PEN-L:521] Re: Re: Re: What? Me Worry? Economics; Evidence Wage Inflation?

1998-08-04 Thread michael perelman
Robert Naiman's note on the IMF is a perfect example of what I was referring to in my earlier post on socializing the downturns and privatizing the booms. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail [EMAIL PROTECTED]

[PEN-L:523] Re: Re: Re: Re: What? Me Worry? Economics;Evidence Wage Inflation?

1998-08-04 Thread James Devine
At 08:41 PM 8/4/98 -0700, Michael P. wrote: Robert Naiman's note on the IMF is a perfect example of what I was referring to in my earlier post on socializing the downturns and privatizing the booms. this seems to be a dynamic version of Norman Thomas' phrase "socialism for the rich, capitalism

[PEN-L:436] Re: What? Me Worry? Economics; Evidence Wage Inflation?

1998-08-03 Thread Eugene P. Coyle
Michael Eisenscher forwarded a column Study Considers Worst Case If Asia Collapses By Clay Chandler Washington Post Staff Writer Saturday, August 1, 1998; Page C01 Call it the Asian Armageddon scenario: Instead of getting better, Asia's economic crisis just gets worse -- lots worse. Policy

Re: Is Inflation Dead?

1998-03-22 Thread Jay Hecht
Jim, Thanks so much for your thoughtful reply. I will indeed get your article out of the URPE reader (and reflect on your references and comments). Would you mind taking a look at the "radical" section when I'm done? By the way, I always check your posting and Doug's on pen-l. Unlike others,

Re: Is Inflation Dead?

1998-03-22 Thread Doug Henwood
Jay Hecht wrote: From what I can tell, prior to the last decade or so, there really hasn't been a left consensus on inflation. Is there now? I'm all against tight money, but I still think the populist/liberal left is too sanguine about inflation. I think it often represents a cheap substitute

Re: Is Inflation Dead?

1998-03-21 Thread James Devine
Jay writes: I wanted to take a quick survey of whether inflation remains an "economic issue." I'm helping Bob Carson update his "Economic Issues Today," ... I've been trying to formulate a reasonable "radical" position on the inflation issue, drawing from work b

Is Inflation Dead?

1998-03-21 Thread Jay Hecht
Folks, I wanted to take a quick survey of whether inflation remains an "economic issue." I'm helping Bob Carson update his "Economic Issues Today," which Sharpe expects to publish in December. I don't know how many of you are familiar with the text, but it covers 15 issues

[Fwd: Hyperinflation and Supply-side Inflation: Two Different Breeds of Cat(longish)]

1998-02-22 Thread michael
LYNN TURGEON, PROFESSOR EMERITUS OF ECONOMICS, HOFSTRA UNIVERSITY, [EMAIL PROTECTED] wrote: In the fifties, it was assumed that there was only one type of inflation, demand-pull inflation, one that was obvious in our Civil War, World War I and World War II. After the two World Wars

[PEN-L:12491] UK inflation rates and indexed bonds

1997-09-20 Thread DOUG ORR
A colleague of mine is doing some work on the nature of inflation indexed bonds. He needs to find a source for data on the UK equivelent of the CPI, monthly, since about 1981. He would also be interested in any cites on the nature of inflation indexed bonds in the UK. Thanks. Doug Orr Eastern

[PEN-L:8270] Re: inflation deflation

1997-01-17 Thread Eugene P. Coyle
Jim Devine wrote: How can Passell say such things?? I often read Passell's columns. He's simply a mouthpiece for a sub-set of mainstream economists. He quotes and promotes the work of dishonest scholars like Dale Jorgeson and his ilk. I had read the column referred to by Lynn Turgeon and

[PEN-L:8270] Re: inflation deflation

1997-01-17 Thread Eugene P. Coyle
Jim Devine wrote: How can Passell say such things?? I often read Passell's columns. He's simply a mouthpiece for a sub-set of mainstream economists. He quotes and promotes the work of dishonest scholars like Dale Jorgeson and his ilk. I had read the column referred to by Lynn Turgeon and

[PEN-L:8261] Re: inflation deflation

1997-01-16 Thread bill mitchell
Lynn Turgeon writes: Passell also concludes that most people seem to win as a result of overall deflation just as most people seem to lose from overall inflation and therefore tend to go along with fighting inflation as a national policy. No wonder there is inertia among Japanese policy

[PEN-L:8258] inflation deflation

1997-01-16 Thread JDevine
Lynn Turgeon writes: Passell also concludes that most people seem to win as a result of overall deflation just as most people seem to lose from overall inflation and therefore tend to go along with fighting inflation as a national policy. No wonder there is inertia among Japanese policy

[PEN-L:8258] inflation deflation

1997-01-16 Thread JDevine
Lynn Turgeon writes: Passell also concludes that most people seem to win as a result of overall deflation just as most people seem to lose from overall inflation and therefore tend to go along with fighting inflation as a national policy. No wonder there is inertia among Japanese policy

[PEN-L:8261] Re: inflation deflation

1997-01-16 Thread bill mitchell
Lynn Turgeon writes: Passell also concludes that most people seem to win as a result of overall deflation just as most people seem to lose from overall inflation and therefore tend to go along with fighting inflation as a national policy. No wonder there is inertia among Japanese policy

[PEN-L:8053] CORE inflation

1997-01-02 Thread Robert Cherry
In previous postings, I have argued that using the Price Deflator -- the most comprehensive measure of inflation -- there was no upward trend during the late 1980s, especially if we appropriately ignore the unusually low rate for 1986 when oil and agricultural prices were unusually low. I

[PEN-L:8059] Re: CORE inflation

1997-01-02 Thread Doug Henwood
Sorry to be so prolific; I'll shut up once these threads die down. At 8:32 AM 1/2/97, Robert Cherry wrote: In response, Doug Henwood presented some data which indicated that core CPI inflation rates -- consumer price inflation when energy and agricultural prices are excluded -- did have

[PEN-L:8061] Re: CORE inflation

1997-01-02 Thread Robert Cherry
In response to my latest posting concerning CORE inflation. Doug Henwood posted monthly rates from 1986 thru 1991. Accepting his numbers, my claim that inflation remained in a narrow band of "4.1 to 4.7 percent during the relevant period holds from April 1987 thru at least February

[PEN-L:6552] minimum wage inflation

1996-10-09 Thread Jim Devine
Sure, as Robert Cherry notes, a rise in the minimum wage will encourage inflation, cet. par. But my point is that cet ain't par: there are other factors encouraging actual deflation. Combining the two effects might mean either a net increase or a net decrease in the inflation rate

[PEN-L:4271] Re: Russian inflation

1996-05-14 Thread Rich Parkin
Does anyone out there know the inflation rate in the Russian republic since 1992? The only numbers I have are 1990, 8%; 1991, 169%; and 1992, 2510%. Please respond to me in person to avoid cluttering the list. Also I'm afraid I need to know this by 5 p.m. for teaching! Thanks in advance

[PEN-L:3061] Inflation Unemployment; lecture NYC 2-22

1996-02-18 Thread Bill Koehnlein
The Brecht Forum The New York Marxist School 122 West 27 Street, 10 floor New York, New York 10001 (212) 242-4201 (212) 741-4563 (fax) [EMAIL PROTECTED] (e-mail) Inflation and Unemployment a talk by Anwar Shaikh Thursday, February 22 at 8 pm The view of inflation that dominates academic

[PEN-L:4877] Re: inflation expectations by class

1995-04-29 Thread Mike Meeropol
paul burkett wrote: I would like to lodge a general info request, concerning whether anyone knows of any articles that documents differences in expectations of inflation between workers and capitalists (or as a second best, among different income groups). Please respond to me personally

[PEN-L:4863] inflation expectations by class

1995-04-28 Thread paul burkett
I would like to lodge a general info request, concerning whether anyone knows of any articles that documents differences in expectations of inflation between workers and capitalists (or as a second best, among different income groups). Please respond to me personally, so as not to clutter up

[PEN-L:3975] Re: inflation

1995-01-30 Thread BILL MITCHELL
From: IN%"[EMAIL PROTECTED]" 30-JAN-1995 19:36:57.56 CC: Subj: [PEN-L:3974] Re: inflation Return-path: [EMAIL PROTECTED] (PMDF V4.3-13 #6545) id [EMAIL PROTECTED]; Mon, 30 Jan 1995 19:36:39 +1100 ("port 2087"@anthrax.ecst.csuchico.edu) by vaxc.cc.monash.edu.au

[PEN-L:3977] Re: inflation

1995-01-30 Thread Doug Henwood
ould argue that either way, prices rise, i. e. inflation, and things are bad. Inflation, yes; bad, not necessarily. But yes, whether it's the CU causing bottlenecks or CU as a a proxy for a tight economy, high CU is associated with rising inflation rates. It's a fact. Yes, of course

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