billyjoerob, First of all, while Belarus and Hungary are small countries Russia is certainly not. On the other hand I think all three of these countries do have large amounts of foreign currency ...
Within the above discussion, there was no mention of assumptions. Yet between the lines one can easily read the assumption of *steady state* economics without periodic motion, business cycles or ...
thinks there will be almost 11 billion of us in 2100. But other professional demographers are not so sure (sorry, one key story is behind a paywall, but the chart below summarises the concl...
"The populations of Belarus, Hungary and Russia have been in steady decline since at least 1993 and all three have rapidly aging populations. And yet inflation was nearly 60% in Belarus, 6% in Hu...
In looking at it a bit more I probably owe Sumner something of a mea culpa at least on stagflation: "So on stagflation Sumner wasn't wrong but I wasn't either, exactly. We were both kind of right...
@Vincent Cate, Yes, I'm aware Mish Shedlock once called himself a "deflationist". But it seemed to me at the time he was merely defining his differences with others over his predictions for the f...
Actually I find Mish interesting. But he's a deflationist judging by his beliefs-he's against fractional reserve banking, for the gold standard, wants to eliminate the Fed and 'lots of government...
There is Mike "Mish" Shedlock at http://globaleconomicanalysis.blogspot.com/
Mark you don't know any deflationists at all? What about Major Freedom? LOL
Mark, thanks much!