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Bottom Line Losses of Some Companies in 1981
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Posted 4/12/2019 07:59 (#7434900 - in reply to #7434534)
Subject: RE: Bottom Line Losses of Some Companies in 1981

A couple thoughts while reading your post..... First, that "experiment in economics" caused thousands of bankruptcies if not more in farm country. Good example of government disconnect with reality nearly 40 years ago now. Second, I agree that interest rates are not able to really control inflation. Like a six year old girl walking a St Bernard, she has some perception of control as she holds the leash but if that dog decides not to do what she wants she is unable to control it. What interests me is the psychology of economics. That is to say, with enough training the behavior of the dog is to behave for the little girl even if he doesn't need to. Will the perception of control lead to control as spending and capital decisions are made with interest rates in mind? A second analogy for inflation would be the converse of an old Obama analogy about government spending; interest rate adjustments as a control for inflation act as a scalpel when an axe would be more fitting.

Thanks for the link, I look forward to listening later.
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