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Idiot of the day: David Levy and Srinivas Thiruvadanthai

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July 19, 2010 – Comments (1)

The authors of "The Misguided Sovereign Debt Hysteria" get the award for their discovery that "government can't engineer inflation at will". Just a small hint for the two authors: give every citizen $1 Trillion and see if inflation still remains near 0%.   

http://www.levyforecast.com/recent-publications/

1 Comments – Post Your Own

#1) On July 19, 2010 at 1:09 PM, dbjella (< 20) wrote:

Just a small hint for the two authors: give every citizen $1 Trillion and see if inflation still remains near 0%.

That is a good line. 

That is similar to when minimum wage law proponents talk about the need to increase the wage $.75 as an example to keep up with inflation.  I find myself yelling at the TV to hell with $.75 why don't we bump it up to $100 an hour.

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