tag:blogger.com,1999:blog-2098432983500045934.post3918529954903611833..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: A wild rideThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2098432983500045934.post-22066024393699591032013-02-23T15:06:22.687-05:002013-02-23T15:06:22.687-05:00Nanute, when I wrote of "that troubled era&qu...Nanute, when I wrote of "that troubled era" in the post I had in mind the 1970s specifically, and Steve Keen's remark that <a href="http://newarthurianeconomics.blogspot.com/2011/04/keen-easter.html" rel="nofollow">inflation took off well before OPEC’s price hike</a>.<br /><br />As for the price of gasoline these days... After nearly 50 years of policies created in response to an incorrect explanation of the cause of inflation, who can say with certainty what is the cause of what today??? Unwind it all, I say. <br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-91106619817149695822013-02-23T09:23:30.190-05:002013-02-23T09:23:30.190-05:00Art, It all sounds rather plausible. And yet, the ...Art, It all sounds rather plausible. And yet, the most recent run up in the cost of gasoline in our domestic economy can't possibly be attributed to inflation. Can it? Magically, refineries are reducing production, or offline. Producers are cutting production and viola, pricing is rising. We've been having this conversation at Woj's place with regard to the interest cost being a factor related to rising prices of goods and services. Is it really the case under the current economic conditions? I'm not so sure. nanutehttps://www.blogger.com/profile/04526158764171117978noreply@blogger.com