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Clever manipulation of the CPI formula has masked the rise in inflation that everyone else (including Janet Yellen) knows is already happening.
^ why progressive economies come with a 100% fail guaranteeSTOP DEFLECTING!!!
As to the last post, Waxman(D) was/is right- today's Republicans are basically terrorists holding the American people hostage in order to get concessions (tax dollar redistribution of wealth) to their defense contractor paymasters
Its like shooting fish in a barrel for him:
Economics and Politics by Paul Krugman - The Conscience of a Liberal - NYTimes.com
James Pethokoukis and Ramesh Ponnuru are frustrated. Theyve been trying to convert Republicans to market monetarism, but the rights favorite intellectuals keep turning to cranks peddling conspiracy theories about inflation. Three years ago it was Niall Ferguson, citing a bogus source. Ferguson was widely ridiculed, by moderate conservatives as well as liberals but here comes Amity Shlaes, making the same argument and citing the same source. The reform conservatives have made no headway at all.
discuss Austrian failure(s)...
Weird, NOT a right winger fuktard, on the other post you claimed it was 60 minutes? lol
Krugman needs to know enough to avoid snarky comments that could be taken seriously ten years later!
Of course, he was warning about the housing bubble long before most others, e.g., in 2006
Another Day, Another Slander of Krugman
Krugman owns every Rightie in this thread & it burns them up because they know it
Speaking of burns
[youtube]Fexz8Ij-OBQ[/youtube]
Like YOU, he's a fukng moron
"The centerpiece of our crash was not the relatively free stock or real estate markets, it was the highly regulated commercial banks."
lol
the financial markets freeze in the fall of 2008, occurred predominantly among those parts of the financial system that were least regulated, or where regulations existed but were largely unenforced.
..As the FCIC staff reports released so far in the run up to the final report have demonstrated, the primary fuel of the financial crisis was a hands-off approach to regulation. This ideologically driven lack of regulatory oversight allowed tremendous growth of the "shadow banking system," a largely unregulated web of complex financial transactions that essentially served the same functions as the existing banking system—attracting short-term funds from those seeking safe, liquid investments and using these to finance long-term loans, particularly residential mortgages—but without government oversight to ensure that these activities were being done safely and soundly.
As the FCIC staff reports demonstrate fairly conclusively, it was the shadow banking system’s unregulated private securitization of mortgages that caused the financial crisis, not affordable housing policies.
Politics Most Blatant | Center for American Progress
Examining the big lie: How the facts of the economic crisis stack up
•The boom and bust was global. Proponents of the Big Lie ignore the worldwide nature of the housing boom and bust.
Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom.
•Private lenders not subject to congressional regulations collapsed lending standards.
Examining the big lie: How the facts of the economic crisis stack up | The Big Picture
NOT a right winger? lol
Start with the most basic fact of all: virtually none of the $1.5 trillion of cratering subprime mortgages were backed by Fannie or Freddie. That’s right — most subprime mortgages did not meet Fannie or Freddie’s strict lending standards. All those no money down, no interest for a year, low teaser rate loans? All the loans made without checking a borrower’s income or employment history? All made in the private sector, without any support from Fannie and Freddie.
Facts are pesky things rw'ersGOP.gov, the official website for Republicans in the House of Representatives, says flatly: “Fannie Mae and Freddie Mac were the main cause of the nation's current financial turmoil.” Many critics — including Republican appointees to the federal Financial Crisis Inquiry Commission — blame the two government-chartered mortgage underwriters for pushing lenders to make riskier loans and leading the way into the financial crash.
There’s a problem with this narrative: The numbers tell a different story.
The evidence indicates Fannie and Freddie contributed to the mortgage meltdown, but they played a secondary role to Wall Street. Wall Street firms and the mortgage lenders they bankrolled led the growth of the market for subprime loans and other risky mortgages.
Like YOU, he's a fukng moron
"The centerpiece of our crash was not the relatively free stock or real estate markets, it was the highly regulated commercial banks."
lol
the financial markets freeze in the fall of 2008, occurred predominantly among those parts of the financial system that were least regulated, or where regulations existed but were largely unenforced.
..As the FCIC staff reports released so far in the run up to the final report have demonstrated, the primary fuel of the financial crisis was a hands-off approach to regulation. This ideologically driven lack of regulatory oversight allowed tremendous growth of the "shadow banking system," a largely unregulated web of complex financial transactions that essentially served the same functions as the existing banking systemattracting short-term funds from those seeking safe, liquid investments and using these to finance long-term loans, particularly residential mortgagesbut without government oversight to ensure that these activities were being done safely and soundly.
As the FCIC staff reports demonstrate fairly conclusively, it was the shadow banking systems unregulated private securitization of mortgages that caused the financial crisis, not affordable housing policies.
Politics Most Blatant | Center for American Progress
Examining the big lie: How the facts of the economic crisis stack up
The boom and bust was global. Proponents of the Big Lie ignore the worldwide nature of the housing boom and bust.
Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom.
Private lenders not subject to congressional regulations collapsed lending standards.
Examining the big lie: How the facts of the economic crisis stack up | The Big Picture
NOT a right winger? lol
.[/B] All those no money down, no interest for a year, low teaser rate loans? All the loans made without checking a borrower’s income or employment history? All made in the private sector, without any support from Fannie and Freddie.
^ says the guy w/ a quote from a fictional novel written by someone who Allen Greenspan paled around with
Like YOU, he's a fukng moron
"The centerpiece of our crash was not the relatively free stock or real estate markets, it was the highly regulated commercial banks."
lol
the financial markets freeze in the fall of 2008, occurred predominantly among those parts of the financial system that were least regulated, or where regulations existed but were largely unenforced.
..As the FCIC staff reports released so far in the run up to the final report have demonstrated, the primary fuel of the financial crisis was a hands-off approach to regulation. This ideologically driven lack of regulatory oversight allowed tremendous growth of the "shadow banking system," a largely unregulated web of complex financial transactions that essentially served the same functions as the existing banking systemattracting short-term funds from those seeking safe, liquid investments and using these to finance long-term loans, particularly residential mortgagesbut without government oversight to ensure that these activities were being done safely and soundly.
As the FCIC staff reports demonstrate fairly conclusively, it was the shadow banking systems unregulated private securitization of mortgages that caused the financial crisis, not affordable housing policies.
Politics Most Blatant | Center for American Progress
Examining the big lie: How the facts of the economic crisis stack up
The boom and bust was global. Proponents of the Big Lie ignore the worldwide nature of the housing boom and bust.
Nonbank mortgage underwriting exploded from 2001 to 2007, along with the private label securitization market, which eclipsed Fannie and Freddie during the boom.
Private lenders not subject to congressional regulations collapsed lending standards.
Examining the big lie: How the facts of the economic crisis stack up | The Big Picture
NOT a right winger? lol
I won't let this go until the rw'ers, who posted in this thread, admit their misattributed & out of context lies relating to the Nobel Prize of Economics winner
) you're good at 
the culture wars :yawn:
