<html><body><div style="color:#000; background-color:#fff; font-family:times new roman, new york, times, serif;font-size:12pt"><div style="RIGHT: auto"> Most of my posting occurs on MBs Facebook site. The following is a cut and paste " fun, and games" scenario on MTT, and TFE....This may continue...</div>
<div style="RIGHT: auto"> </div>
<div style="RIGHT: auto"><A style="RIGHT: auto" href="http://www.facebook.com/surprisinglyfree#!/groups/156161594445160/">http://www.facebook.com/surprisinglyfree#!/groups/156161594445160/</A></div>
<div style="RIGHT: auto"> </div>
<div style="RIGHT: auto"><VAR id=yui-ie-cursor></VAR> </div>
<div style="RIGHT: auto"> </div>
<div style="RIGHT: auto"> </div>
<div style="RIGHT: auto"> </div>
<div style="RIGHT: auto"> </div>
<div style="RIGHT: auto"><SPAN style="RIGHT: auto" class=messageBody data-ft='{"type":3}'>Robert, there seems to be a fundamental belief that "too much" money creation causes inflation, which could be cured by taxation. However, money does not exist in a vacuum. It is spent, which means adding money creates demand for goods and services, while subtracting money reduces demand. Bottom line: Changing the money supply affects more than inflation; it affects the economy. A better inflation fighter is to change the demand for money itself. See: <A href="http://rodgermmitchell.wordpress.com/?s=risk+and+reward" rel="nofollow nofollow" target=_blank></SPAN></SPAN></SPAN></SPAN><SPAN>http://<WBR><SPAN class=word_break><SPAN>rodgermmitchell.wordpress.com/<WBR><SPAN class=word_break>?s=risk+and+reward</A></SPAN></div>
<DIV class="mvm uiStreamAttachments clearfix fbMainStreamAttachment" data-ft='{"type":10,"tn":"H"}'>
<DIV class="UIImageBlock clearfix"><A aria-hidden=true class="external uiAttachmentMedia UIImageBlock_Image UIImageBlock_MED_Image" tabIndex=-1 href="http://rodgermmitchell.wordpress.com/?s=risk+and+reward" rel=nofollow target=_blank data-ft='{"type":41,"tn":"E"}'><IMG class=img alt="" src="http://external.ak.fbcdn.net/safe_image.php?d=AQCSusTrd5BJwsFY&w=90&h=90&url=http%3A%2F%2Fresearch.stlouisfed.org%2Ffredgraph.png%3Fg%3DdO"></A>
<DIV class="UIImageBlock_Content UIImageBlock_MED_Content fsm fwn fcg">
<DIV class=uiAttachmentTitle data-ft='{"type":11,"tn":"C"}'><STRONG><A href="http://rodgermmitchell.wordpress.com/?s=risk+and+reward" rel=nofollow target=_blank>Search Results risk and reward « #Monetary Sovereignty – Mitchell</A></STRONG> </DIV><SPAN class=caption data-ft='{"tn":"L"}'>rodgermmitchell.wordpress.com</SPAN>
<DIV class="mts uiAttachmentDesc translationEligibleUserAttachmentMessage" data-ft='{"tn":"M"}'>Uncategorized cut debt, cut deficits, cut medicaid, cut medicare, cut social security, cut spending, cut taxes, cut the budget, MMT, modern monetary theory, monetarily non-sovereign, monetarily sovereign, monetary sovereignty Rodger Malcolm Mitchell 9:44 am</DIV></DIV></DIV></DIV>
<div style="RIGHT: auto">
<BR><MailScannerForm16406 FORM id=ufd48r_39 class="live_354737611254223_131325686911214 commentable_item autoexpand_mode" method=post action=/ajax/ufi/modify.php data-live='{"seq":356606377734013}' rel="async"><input value="€,´,€,´,水,Д,Є" type="reset" name="charset_test"><input value="AQD-uJn_" type="reset" name="fb_dtsg" autocomplete="off"><input value="{"actor":"100001137034837","target_fbid":"354737611254223","target_profile_id":"","type_id":"308","assoc_obj_id":"156161594445160","source_app_id":"0","extra_story_params":[],"content_timestamp":"1335973835","check_hash":"AQC-pXh5bD-LyrB6","source":"0"}" type="reset" name="feedback_params" autocomplete="off"> </div>
<DIV class="UIImageBlock clearfix uiStreamFooter"><I class="UIImageBlock_Image UIImageBlock_ICON_Image img sp_7b7xx5 sx_5d35f5"></I>
<DIV class="UIImageBlock_Content UIImageBlock_ICON_Content"><SPAN><SPAN class="UIActionLinks UIActionLinks_bottom" data-ft='{"tn":"=","type":20}'><button class="like_link stat_elem as_link" title="Like this item" name="like" type="reset" data-ft="{"tn":">","type":22}"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON> · <LABEL class="uiLinkButton comment_link" title="Leave a comment"><input value="Comment" type="reset" data-ft="{"type":24,"tn":"S"}"></LABEL> ·<button class="unsub_link stat_elem as_link" title="Stop getting notified when someone comments." name="unsubscribe" type="reset"><SPAN class=default_message>Unfollow post</SPAN><SPAN class=saving_message>Follow post</SPAN></BUTTON> · <A class=share_action_link title="Send this to friends or post it on your timeline." href="http://uk.mg40.mail.yahoo.com/ajax/sharer/?s=99&appid=2309869772&p%5B0%5D=100001137034837&p%5B1%5D=285448684880479" rel=dialog
data-ft='{"tn":"J","type":25}'>Share</A> · </SPAN><SPAN class=uiStreamSource data-ft='{"type":26,"tn":"N"}'><A href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/"></ABBR><ABBR title="Wednesday, 2 May 2012 at 16:50" data-utime="1335973835">Wednesday at 16:50</A></SPAN></SPAN></DIV></DIV>
<DIV>
<UL class="uiList uiUfi focus_target fbUfi" data-ft='{"type":30}'>
<LI class="ufiNub uiListItem uiListVerticalItemBorder"><I></I></LI>
<LI class="ufiItem uiUfiLike uiListItem uiListVerticalItemBorder" data-ft='{"type":31}'>
<DIV class="UIImageBlock clearfix"><A aria-hidden=true class="UIImageBlock_Image UIImageBlock_ICON_Image" tabIndex=-1 href="http://uk.mg40.mail.yahoo.com/neo/#"></LABEL><LABEL class=uiUfiLikeIcon title="Like this item"></A>
<DIV class="UIImageBlock_Content UIImageBlock_ICON_Content"><A href="http://www.facebook.com/profile.php?id=671176264" data-hovercard="/ajax/hovercard/user.php?id=671176264">Chris Cook</A> and <A href="http://www.facebook.com/milan.econ" data-hovercard="/ajax/hovercard/user.php?id=788069073">Marcelo Milan</A> like this.</DIV></DIV></LI>
<LI class="translateable_info hidden_elem uiListItem uiListVerticalItemBorder"><input type="reset" name="translate_on_load" autocomplete="off"></LI>
<LI class=uiUfiComments data-ft='{"type":32}'>
<UL class=commentList>
<LI class="uiUfiComment comment_355236977870953 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/Searle88" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><LABEL class="deleteAction stat_elem UIImageBlock_Ext uiCloseButton" title=Remove for=ufde1h_1 data-hover="tooltip"><input id="ufde1h_1" value="Submit Query" type="reset" name="delete[355236977870953]"></LABEL>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/Searle88" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140">Robert Searle</A> <SPAN class=commentBody data-jsid="text">Yes, I liked your clear article. I think if we had a near perfect knowledge of the economy, and powerful instant direct controls (as opposed to tax, and interest which are indirect controls, and could be phased out) we would be able to move forwards without serious fears about inflation . Ofcourse, for the time being sufficient new money could be created electronically.Indeed, this is what happened to a certain extent with the Vietnam War if I am correct.....</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=355236977870953&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR title="Thursday, 3 May 2012 at 10:21" data-utime="1336036892">Thursday at 10:21</A> · <SPAN class="comment_like_355236977870953 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[355236977870953]" type="reset" value="355236977870953"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_355495837845067 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=355495837845067&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=355495837845067&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">Further, there has been no relationship between federal deficits and inflation. Not only is this obvious today, but historically true, too: <A href="http://rodgermmitchell.wordpress.com/2010/04/06/more-thoughts-on-inflation/" rel="nofollow nofollow" target=_blank></SPAN></WBR></SPAN></SPAN></WBR></SPAN></SPAN></WBR></SPAN><SPAN>http://<WBR><SPAN class=word_break><SPAN>rodgermmitchell.wordpress.c<WBR><SPAN class=word_break><SPAN>om/2010/04/06/<WBR><SPAN class=word_break>more-thoughts-on-inflation/</A></SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=355495837845067&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR title="Thursday, 3 May 2012 at 18:23" data-utime="1336065831">Thursday at 18:23</A> · <SPAN class="comment_like_355495837845067 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[355495837845067]" type="reset" value="355495837845067"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_355965307798120 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/Searle88" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><LABEL class="deleteAction stat_elem UIImageBlock_Ext uiCloseButton" title=Remove for=ufde1h_2 data-hover="tooltip"><input id="ufde1h_2" value="Submit Query" type="reset" name="delete[355965307798120]"></LABEL>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/Searle88" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140">Robert Searle</A> <SPAN class=commentBody data-jsid="text">You say this but how can we be a 100% sure especially when the accuracy of economic data is always in doubt ? The answer is we cannot with complete confidence. However, to be fair it is possible with some confidence to create new money (ie.QE) using the aid of conventional data (eg.Consumer Prices Index). But at the end of day unless we have a credible 24/7 understanding of the actual economy in real time inflation risk assessments will largely be questionable. This is why Transfinancial Economics is of huge importance. It is the REVOLUTION per se in economics because for the first time it would offer a more "scientific" understanding of the ACTUAL
mechanics of our Free Market Economy.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=355965307798120&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 10:19" data-utime="1336123164">23 hours ago</A> · <SPAN class="comment_like_355965307798120 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[355965307798120]" type="reset" value="355965307798120"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_355976951130289 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/Searle88" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><LABEL class="deleteAction stat_elem UIImageBlock_Ext uiCloseButton" title=Remove for=ufde1h_3 data-hover="tooltip"><input id="ufde1h_3" value="Submit Query" type="reset" name="delete[355976951130289]"></LABEL>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/Searle88" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140">Robert Searle</A> <SPAN class=commentBody data-jsid="text">Personally, I think there is great truth in your article, and as I said before it is very clear. But we cannot know with ABSOLUTE CONFIDENCE that things could really go wrong. This is the problem. This is why Transfinancial Economics is so important, and absolutely vital if humanity is to progress successfully into the future....</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=355976951130289&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 10:59" data-utime="1336125541">22 hours ago</A> · <SPAN class="comment_like_355976951130289 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[355976951130289]" type="reset" value="355976951130289"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356130937781557 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/Searle88" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><LABEL class="deleteAction stat_elem UIImageBlock_Ext uiCloseButton" title=Remove for=ufde1h_4 data-hover="tooltip"><input id="ufde1h_4" value="Submit Query" type="reset" name="delete[356130937781557]"></LABEL>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/Searle88" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140">Robert Searle</A> <SPAN class=commentBody data-jsid="text">This is why my project on TFE is far more important than MMT which has only an INCOMPLETE understanding of the economy.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356130937781557&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 16:36" data-utime="1336145768">17 hours ago</A> · <SPAN class="comment_like_356130937781557 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356130937781557]" type="reset" value="356130937781557"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356166887777962 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356166887777962&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=356166887777962&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">Not being familiar with "Transfinancial Economics" I looked it up. I noticed this line: " . . . taxing authorities would need to be replaced with an “inflation authority” which controls the economy by deciding who can receive system credits, and in what amount."<BR><BR>That is in agreement with Monetary Sovereignty. Federal taxes and borrowing would be eliminated. Also, on several occasions, I have suggested federal ownership of all banks, which is similar to your non-debt economy. <BR><BR>However, in the U.S., we have many other governments -- state, county, city, parks -- and none of them are Monetarily
Sovereign, so cannot simply create dollars (credits) at will.<BR><BR>The federal government can and should provide dollars to these "sub-governments." They, however, demand some measure of autonomy, which includes taxing and borrowing.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356166887777962&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 17:40" data-utime="1336149618">16 hours ago</A> via <LABEL class="uiLinkButton stat_elem uiLinkButtonSubtle"><input value="email" type="reset" name="email_explain[1]"></LABEL> · <SPAN class="comment_like_356166887777962 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356166887777962]" type="reset" value="356166887777962"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356167777777873 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356167777777873&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=356167777777873&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">Mr. Reisberg,<BR><BR>The graph shows no relationship between federal spending and inflation. If federal spending caused inflation, you would expect to see some sort of relationship.<BR><BR>What data would you use to show that federal spending does cause inflation? I'm curious about what data would satisfy you.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356167777777873&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 17:42" data-utime="1336149738">16 hours ago</A> via <LABEL class="uiLinkButton stat_elem uiLinkButtonSubtle"><input value="email" type="reset" name="email_explain[1]"></LABEL> · <SPAN class="comment_like_356167777777873 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356167777777873]" type="reset" value="356167777777873"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356176227777028 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/Searle88" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><LABEL class="deleteAction stat_elem UIImageBlock_Ext uiCloseButton" title=Remove for=ufde1h_5 data-hover="tooltip"><input id="ufde1h_5" value="Submit Query" type="reset" name="delete[356176227777028]"></LABEL>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/Searle88" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140">Robert Searle</A> <SPAN class=commentBody data-jsid="text">Thank you for your response. There are obvious similiarities between TFE, and MMT. However, for the most authorative, and most accurate data on the former it would be best to go to the following link.. <A href="http://www.p2pfoundation.net/Transfinancial_Economics" rel="nofollow nofollow" target=_blank></SPAN></WBR></SPAN></SPAN></WBR></SPAN><SPAN>http://<WBR><SPAN class=word_break><SPAN>www.p2pfoundation.net/<WBR><SPAN class=word_break>Transfinancial_Economics</A></SPAN><SPAN>
<DIV class="mvm uiStreamAttachments clearfix" data-ft='{"type":10,"tn":"H"}'>
<DIV class="UIImageBlock clearfix"><A aria-hidden=true class="external uiAttachmentMedia UIImageBlock_Image UIImageBlock_MED_Image" tabIndex=-1 href="http://www.p2pfoundation.net/Transfinancial_Economics" rel=nofollow target=_blank data-ft='{"type":41,"tn":"E"}'><IMG class=img alt="" src="http://external.ak.fbcdn.net/safe_image.php?d=AQBgPd4x4kfr3dku&w=90&h=90&url=http%3A%2F%2Fp2pfoundation.net%2Fskins%2Fcommon%2Fimages%2Fpoweredby_mediawiki_88x31.png"></A>
<DIV class="UIImageBlock_Content UIImageBlock_MED_Content fsm fwn fcg">
<DIV class=uiAttachmentTitle data-ft='{"type":11,"tn":"C"}'><STRONG><A href="http://www.p2pfoundation.net/Transfinancial_Economics" rel=nofollow target=_blank>Transfinancial Economics - P2P Foundation</A></STRONG> </DIV><SPAN class=caption data-ft='{"tn":"L"}'>p2pfoundation.net</SPAN>
<DIV class="mts uiAttachmentDesc translationEligibleUserAttachmentMessage" data-ft='{"tn":"M"}'>
<DIV id=id_4fa4e810353424b54880148 class=text_exposed_root>Transfinancial Economics is an evolving project nearing basic completion. It sho<SPAN class=text_exposed_hide>...</SPAN><SPAN class=text_exposed_show>uld be said that there has been a degree of interest in it from some economists.In April 2010 it was also a subject discussed at a major scientific conference (the ICEME, or International Conference of Engineering, and M...</SPAN><SPAN class=text_exposed_hide><SPAN class=text_exposed_link><A></FONT><FONT color=#000000>See more</A></SPAN></SPAN></DIV></DIV></DIV></DIV></DIV></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356176227777028&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 17:58" data-utime="1336150718">15 hours ago</A> · <SPAN class="comment_like_356176227777028 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356176227777028]" type="reset" value="356176227777028"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN> · <LABEL class="uiLinkButton async_throbber"><input class="stat_elem" value="Remove preview" type="reset" name="remove_preview_id[356176227777028]"></LABEL></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356245241103460 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356245241103460&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=356245241103460&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">Subtract federal spending from what?</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356245241103460&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 20:08" data-utime="1336158518">13 hours ago</A> via <LABEL class="uiLinkButton stat_elem uiLinkButtonSubtle"><input value="email" type="reset" name="email_explain[1]"></LABEL> · <SPAN class="comment_like_356245241103460 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356245241103460]" type="reset" value="356245241103460"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356249361103048 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356249361103048&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=356249361103048&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">You mean subtract federal spending from GDP? Easily done, but what do you predict will be found?</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356249361103048&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 20:13" data-utime="1336158790">13 hours ago</A> via <LABEL class="uiLinkButton stat_elem uiLinkButtonSubtle"><input value="email" type="reset" name="email_explain[1]"></LABEL> · <SPAN class="comment_like_356249361103048 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356249361103048]" type="reset" value="356249361103048"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356258864435431 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356258864435431&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=356258864435431&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">I'm confused. Are you trying to prove federal spending does or does not cause inflation? <BR><BR>If federal spending caused inflation, we should see a relationship between increases in federal spending and increases in inflation. And we should see a relationship between decreases in federal spending and decreases in inflation. We see no such relationships.<BR><BR>Now it is possible to see if there is a relationship exists between inflation and other kinds of spending (Mortgage, consumer credit, business, state government), but I'm not sure that's what you're asking.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356258864435431&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 20:30" data-utime="1336159830">13 hours ago</A> via <LABEL class="uiLinkButton stat_elem uiLinkButtonSubtle"><input value="email" type="reset" name="email_explain[1]"></LABEL> · <SPAN class="comment_like_356258864435431 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356258864435431]" type="reset" value="356258864435431"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356274614433856 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356274614433856&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=356274614433856&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">If the government had not spent, we would have had a depression:<BR><BR>1817-1821: U. S. Federal Debt reduced 29%. Depression began 1819.<BR>1823-1836: U. S. Federal Debt reduced 99%. Depression began 1837.<BR>1852-1857: U. S. Federal Debt reduced 59%. Depression began 1857.<BR>1867-1873: U. S. Federal Debt reduced 27%. Depression began 1873.<BR>1880-1893: U. S. Federal Debt reduced 57%. Depression began 1893.<BR>1920-1930: U. S. Federal Debt reduced 36%. Depression began 1929. <BR><BR>Anyway, you misunderstand how cause and effect are be determined. If you believe federal spending increases inflation, then over
time increases in federal spending should show a pattern of increased inflation. If you don't see that pattern, and you still believe (with no supporting evidence) federal spending causes inflation, you then you also would have to believe increases in federal spending correspond by coincidence, with some anti-inflationary effect. <BR><BR>Bottom line: You have a belief supported by nothing. You just have a hunch. I'm won't debate your hunch. When you have something more than intuition, we can talk further.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356274614433856&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 20:58" data-utime="1336161515">12 hours ago</A> via <LABEL class="uiLinkButton stat_elem uiLinkButtonSubtle"><input value="email" type="reset" name="email_explain[1]"></LABEL> · <SPAN class="comment_like_356274614433856 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356274614433856]" type="reset" value="356274614433856"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356282307766420 ufiItem ufiItem" data-ft='{"tn":"R9"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356282307766420&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=356282307766420&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">You have offered no viable alternative to my methodology (which, by the way, is pretty standard), so presumably there is no way to prove whether or not federal spending causes inflation. Right? So you have not been much help in my "quest for truth."<BR><BR>You asked what would have happened if the government had not spent, and I showed you the answer: Depression. Sorry, if those data are not what you wanted.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356282307766420&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 21:13" data-utime="1336162418">12 hours ago</A> via <LABEL class="uiLinkButton stat_elem uiLinkButtonSubtle"><input value="email" type="reset" name="email_explain[1]"></LABEL> · <SPAN class="comment_like_356282307766420 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356282307766420]" type="reset" value="356282307766420"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356293237765327 ufiItem ufiItem" data-ft='{"tn":"R8"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=710386987" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=710386987"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/hprofile-ak-ash2/23174_710386987_3667_q.jpg"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356293237765327&commenter_id=710386987&profile_id=100001137034837&post_fbid=356293237765327&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D710386987%26cid2%3D0%26profile%3D100001137034837%26h%3DAfgPDFeKKYU2ENlG&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=710386987" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=710386987">Roland Berie</A> <SPAN class=commentBody data-jsid="text">Tschäff is right Rodger Malcolm Mitchell, your methodology does not tease out the contribution to inflation/deflation of government spending. I would go a step farther and say it's an exercise in futuility because some government spending may add to inflationary pressures, think of all the oil consumed by the military, while other government spending might reduce inflationary pressure, think how a fire department keeps us from rebuilding our cities.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356293237765327&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 21:34" data-utime="1336163697">12 hours ago</A> · <SPAN class="comment_like_356293237765327 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356293237765327]" type="reset" value="356293237765327"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356297457764905 ufiItem ufiItem" data-ft='{"tn":"R7"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356297457764905&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=356297457764905&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">I'm satisfied. You both are saying there is no methodology that will demonstrate whether or not, or how much, federal spending contributes to inflation. <BR><BR>I believe you both to be dead wrong. If A causes B, then the evidence for that would be, increases in A causing increases in B, and decreases in A causing decreases in B. <BR><BR>But I'm happy to leave it, right where it began: <b>There is no evidence to show that federal spending causes inflation.</b><BR><BR>That's what I said in the first place.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356297457764905&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 21:42" data-utime="1336164147">12 hours ago</A> via <LABEL class="uiLinkButton stat_elem uiLinkButtonSubtle"><input value="email" type="reset" name="email_explain[1]"></LABEL> · <SPAN class="comment_like_356297457764905 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356297457764905]" type="reset" value="356297457764905"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356352884426029 ufiItem ufiItem" data-ft='{"tn":"R6"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=1024460352" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1024460352"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/hprofile-ak-snc4/211278_1024460352_1903318_q.jpg"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356352884426029&commenter_id=1024460352&profile_id=100001137034837&post_fbid=356352884426029&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D1024460352%26cid2%3D0%26profile%3D100001137034837%26h%3DAfg8uX-6U815ZFhc&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=1024460352" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1024460352">Genaro Grasso Grasso Genaro</A> <SPAN class=commentBody data-jsid="text">Deficits can also be a result of inflation, as the government has to spend more to buy the same goods and taxes always are payed with a delay at before prices. What mechanism would you suggest for deficits to create inflation, if there are idle resources? It is the other way round, to buy smething that is more expensive, you need to take a bigger credit (in the bank for consumers or investors, in the FED for the government).</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356352884426029&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Friday, 4 May 2012 at 23:25" data-utime="1336170339">10 hours ago</A> · <SPAN class="comment_like_356352884426029 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356352884426029]" type="reset" value="356352884426029"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356373041090680 ufiItem ufiItem" data-ft='{"tn":"R5"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356373041090680&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=356373041090680&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">Right Genaro,<BR><BR>In today's world economy, where products and services easily are purchased from all over the world, it is quite difficult to cause inflation when there are idle resources -- and easy to cure it. Inflation has been the debt-hawk mantra for many years. They still talk about Weimar and Zimbabwe as examples, of course, having no idea what caused those inflations. Meanwhile, inflation fear leads to recessions all over the world.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356373041090680&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Saturday, 5 May 2012 at 00:04" data-utime="1336172666">9 hours ago</A> via <LABEL class="uiLinkButton stat_elem uiLinkButtonSubtle"><input value="email" type="reset" name="email_explain[1]"></LABEL> · <SPAN class="comment_like_356373041090680 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356373041090680]" type="reset" value="356373041090680"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356374897757161 ufiItem ufiItem" data-ft='{"tn":"R4"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356374897757161&commenter_id=100001137034837&profile_id=100001137034837&post_fbid=356374897757161&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D100001137034837%26cid2%3D0%26profile%3D100001137034837%26h%3DAfjqhHIpLVJqpKmm&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=100001137034837" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=100001137034837">Rodger Malcolm Mitchell</A> <SPAN class=commentBody data-jsid="text">So, go ahead and isolate. Prove your point, whatever it may be. It's a bit disingenuous to say I'm wrong but you don't know how to demonstrate it. What makes your intuition definitive?</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356374897757161&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Saturday, 5 May 2012 at 00:08" data-utime="1336172925">9 hours ago</A> via <LABEL class="uiLinkButton stat_elem uiLinkButtonSubtle"><input value="email" type="reset" name="email_explain[1]"></LABEL> · <SPAN class="comment_like_356374897757161 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356374897757161]" type="reset" value="356374897757161"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356425001085484 ufiItem ufiItem" data-ft='{"tn":"R3"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=1024460352" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1024460352"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/hprofile-ak-snc4/211278_1024460352_1903318_q.jpg"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356425001085484&commenter_id=1024460352&profile_id=100001137034837&post_fbid=356425001085484&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D1024460352%26cid2%3D0%26profile%3D100001137034837%26h%3DAfg8uX-6U815ZFhc&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=1024460352" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1024460352">Genaro Grasso Grasso Genaro</A> <SPAN class=commentBody data-jsid="text">Government spending is supposed to be inflationary because aggregate demand is too big and there's no productive capacity. If government spending is increasing ad other components also, rhwb your hypothetical inflation-deflation bias does not exist.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356425001085484&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Saturday, 5 May 2012 at 01:55" data-utime="1336179340">7 hours ago</A> · <SPAN class="comment_like_356425001085484 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356425001085484]" type="reset" value="356425001085484"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356472914414026 ufiItem ufiItem" data-ft='{"tn":"R2"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=1024460352" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1024460352"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/hprofile-ak-snc4/211278_1024460352_1903318_q.jpg"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356472914414026&commenter_id=1024460352&profile_id=100001137034837&post_fbid=356472914414026&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D1024460352%26cid2%3D0%26profile%3D100001137034837%26h%3DAfg8uX-6U815ZFhc&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=1024460352" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1024460352">Genaro Grasso Grasso Genaro</A> <SPAN class=commentBody data-jsid="text">I know, but theory is important to get correlations right. Let's say we try to study the fiscal and monetary policy impact on the solution to the great depression( as Christina Romer did). If we're not counting that they used monetary policies to spend in deficits, you may be counting as monetary policy something that was fiscal, and, therefore, you might say that fiscal policies aren't important, as Romer did.</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356472914414026&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Saturday, 5 May 2012 at 03:40" data-utime="1336185616">6 hours ago</A> · <SPAN class="comment_like_356472914414026 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356472914414026]" type="reset" value="356472914414026"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356478687746782 ufiItem ufiItem" data-ft='{"tn":"R1"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/profile.php?id=1024460352" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1024460352"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/hprofile-ak-snc4/211278_1024460352_1903318_q.jpg"></A><A class="commentRemoverButton UIImageBlock_Ext uiCloseButton" title="Hide as Spam" role=button href="http://uk.mg40.mail.yahoo.com/neo/#" rel=async-post data-hover="tooltip"
ajaxify="/ajax/ufi/one_click_remove?comment_id=356478687746782&commenter_id=1024460352&profile_id=100001137034837&post_fbid=356478687746782&can_remove=0&can_report=1&is_spam=0&report_link=%2Fajax%2Freport.php%3Fcontent_type%3D74%26cid%3D354737611254223%26rid%3D1024460352%26cid2%3D0%26profile%3D100001137034837%26h%3DAfg8uX-6U815ZFhc&feedback_params=%7B%22actor%22%3A%22100001137034837%22%2C%22target_fbid%22%3A%22354737611254223%22%2C%22target_profile_id%22%3A%22%22%2C%22type_id%22%3A%22308%22%2C%22assoc_obj_id%22%3A%22156161594445160%22%2C%22source_app_id%22%3A%220%22%2C%22extra_story_params%22%3A%5B%5D%2C%22content_timestamp%22%3A%221335973835%22%2C%22check_hash%22%3A%22AQC-pXh5bD-LyrB6%22%2C%22source%22%3A%220%22%7D"></A>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/profile.php?id=1024460352" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1024460352">Genaro Grasso Grasso Genaro</A> <SPAN class=commentBody data-jsid="text">What I'm saying is that, in theory, fiscal deficits make preassures in markets with growing private sector spending because there is no capacity left to produce them, and then prices must go up. We could then a) study the utilisation capacity and the relationship of full utilisation of it and inflation (you will see there that full utilisation is never reached), b) you could use only the years when there was fiscal policy in a context of private spending expansion. There there won't be any deflation because the state and the people would be "in competence" for a limited market, and you could estimate the impact. (I
don't know what rhbw was meant to be)</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356478687746782&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Saturday, 5 May 2012 at 03:51" data-utime="1336186314">6 hours ago</A> · <SPAN class="comment_like_356478687746782 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356478687746782]" type="reset" value="356478687746782"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356605194400798 ufiItem ufiItem" data-ft='{"tn":"R0"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/Searle88" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><LABEL class="deleteAction stat_elem UIImageBlock_Ext uiCloseButton" title=Remove for=ufde1h_6 data-hover="tooltip"><input id="ufde1h_6" value="Submit Query" type="reset" name="delete[356605194400798]"></LABEL>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/Searle88" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140">Robert Searle</A> <SPAN class=commentBody data-jsid="text">I feel a bit sorry for RMM as he is getting a bit of pasting! I know the experience, and this is the price one has to pay for trying to introduce a "new" paradigm. Unsuprisingly, I have yet to see any comments about Transfinancial Economics....</SPAN><SPAN></SPAN>
<DIV class="commentActions fsm fwn fcg"><A class=uiLinkSubtle href="http://uk.mg40.mail.yahoo.com/groups/156161594445160/permalink/354737611254223/?comment_id=356605194400798&offset=0&total_comments=36" data-ft='{"tn":"N"}'></ABBR><ABBR class="timestamp livetimestamp" title="Saturday, 5 May 2012 at 09:22" data-utime="1336206152">32 minutes ago</A> · <SPAN class="comment_like_356605194400798 fsm fwn fcg" data-ft='{"type":36,"tn":">"}'><button class="stat_elem as_link cmnt_like_link" title="Like this comment" name="like_comment_id[356605194400798]" type="reset" value="356605194400798"><SPAN class=default_message>Like</SPAN><SPAN class=saving_message>Unlike</SPAN></BUTTON></SPAN></DIV></DIV></DIV></LI>
<LI class="uiUfiComment comment_356606377734013 ufiItem ufiItem" data-ft='{"tn":"R"}'>
<DIV class="UIImageBlock clearfix uiUfiActorBlock"><A class="actorPic UIImageBlock_Image UIImageBlock_SMALL_Image" tabIndex=-1 href="http://www.facebook.com/Searle88" data-ft='{"type":34,"tn":"T"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140"><IMG class="uiProfilePhoto uiProfilePhotoMedium img" alt="" src="http://profile.ak.fbcdn.net/static-ak/rsrc.php/v1/yo/r/UlIqmHJn-SK.gif"></A><LABEL class="deleteAction stat_elem UIImageBlock_Ext uiCloseButton" title=Remove for=ufde1h_7 data-hover="tooltip"><input id="ufde1h_7" value="Submit Query" type="reset" name="delete[356606377734013]"></LABEL>
<DIV class="commentContent UIImageBlock_Content UIImageBlock_SMALL_Content" data-ft='{"type":33,"tn":"K"}'><A class=actorName href="http://www.facebook.com/Searle88" data-ft='{"type":35,"tn":";"}' data-hovercard="/ajax/hovercard/user.php?id=1793462140">Robert Searle</A> <SPAN class=commentBody data-jsid="text">Ofcourse, in advanced stage TFE we would know at the point of transaction whether there are any inflationary pressures at work, and where they originate in REAL TIME. This is revolutionary......and goes beyond MMT, and indeed, Social Credit as well........</SPAN></DIV></DIV></LI></UL></LI></UL></DIV>
<div style="RIGHT: auto"></MailScannerForm16406> </div></div></body></html>