Quote:
Originally Posted by parsonsj
Policy choices take time, and need to be done based on reasonable and continuing trends. Excluding volatile data helps keep policies on that path. Commodity prices do get reflected into core inflation as they change long term wages and business costs.
As an example look at Headline inflation in the chart from my previous post. If the US and/or the Fed had reacted to the spikes and valleys in those numbers during the recession of 2008/09, we might have seen an amplification of them, rather than damping.
I was hoping we could discuss these matters using facts -- but we seem to have trouble even agreeing on those.  |
But who's facts, the governments? Is 8.2% unemployment a "fact"?
Facts are digging up my receipts from the past 2 years and seeing ink, paper and cotton just WELL over 10%.
But what sort of policy change can reverse the decline of the dollar to the tune of 95%? It doesn't matter because the monopoly known as the Fed is not interested in that. It's an instrument of wealth transfer. Yet we somehow give them clout as innocent, principled bankers just trying to do the 'right thing'. AKA, Gods' work.
