90% Are Crap, Part Six
I am bowled over by this guy. An entire site devoted to the concept of Deflation. After reading some of the concepts over there, I know my blog is crap.
In conclusion, for Maynard, I have no idea whose interests Bush has at heart, to understand my 'reading' you don't need to know this, nor do you need to make any evaluations of how competent the administration is at doing anything other than giving a tax cut, running a deficit, and then needing inflation to get out of the mess. Finally if things go well, and there's more growth than anyone else can see in their wildest dreams they can claim the credit. On the other hand, if things don't work out that way, and they run up a big bill together with an inflation bonfire they will be remembered as the administration that died saving America from deflation. Either way they can say: see, we always knew what we were doing. Of course in my book neither of these scenarios will happen, we'll get the deficit and we'll get the deflation (ie the worst of both worlds), but then I'm looking at things in an entirely different way. All I am trying to do here is to give an account of what might otherwise appear to be highly perplexing behaviour, and to suggest that if you really want to have a go at them, you look at the situation from all its various angles - simultaneously.
Edward Hugh at 12:04 PM
What the fuck did that guy just say? I think Den Beste should link to him.