Spot on there Fidd. Can't say how tired I am of this current form of economics.
On 13 Mar, 03:20, fiddler <[email protected]> wrote: > > knock > > down the actual value of mortgages. > > A mortgage -based as it on a material good- is only worth as much as > the person requiring that material good values it. This is something > that really angered me about the "housing bubble" right after obama > took office where he claimed it to be unfair to people who own a house > "under the waterline." This wouldn't matter in the least if the person > intends to stay in the house, it would only affect those people > selling or dumping property. > > On Mar 12, 6:43 pm, archytas <[email protected]> wrote: > > > > >http://www.economist.com/business-finance/economics-focus/displaystor... > > > Economists are now discussing inflation as a good thing again, even at > > the IMF. We have standardly used this to reduce debt since WW2 and as > > a way of countering raw material price rises. Higher inflation > > targets for central banks would allow lower interest rates and What a > > wonderful science > > economics isn't! -- You received this message because you are subscribed to the Google Groups ""Minds Eye"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/minds-eye?hl=en.
