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I live in Connecticut and the hot/boring topic was always Yankess/Redsox. Nomar vs Jeter. Not anymore.
The new hot/boring topic is Inflation vs Deflation. Connecticut has joined the financial blogosphere. There are actually people here who believe that the government cannot overcome deflation in terms of the money they control. Yankee fans are really funny!!!
Here is what Jesse thinks:
"In a purely fiat regime, a monetary inflation or deflation is a policy decision. That decision may involve restrictions and limitations on the creation of money, a set of artificial boundaries, but that is the extent of it. It is a matter of resourcefulness and will.
You can't make the banks lend. Like hell I couldn't. They would lend or dry up if you used the right policy tools, and they know it. Its all of a choice. Its intent. Lending involves risk, and if you can make decent returns without risk and the policy wonks give you that choice you will take it."
The new hot/boring topic is Inflation vs Deflation. Connecticut has joined the financial blogosphere. There are actually people here who believe that the government cannot overcome deflation in terms of the money they control. Yankee fans are really funny!!!
Here is what Jesse thinks:
"In a purely fiat regime, a monetary inflation or deflation is a policy decision. That decision may involve restrictions and limitations on the creation of money, a set of artificial boundaries, but that is the extent of it. It is a matter of resourcefulness and will.
You can't make the banks lend. Like hell I couldn't. They would lend or dry up if you used the right policy tools, and they know it. Its all of a choice. Its intent. Lending involves risk, and if you can make decent returns without risk and the policy wonks give you that choice you will take it."
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