Mr. deflation's latest is pathetic and priceless

[Spartacus]

This is the guy who constantly, continually over the last 3 years changed/changes his definitions. He was like the proverbial jello -impossible to nail to a wall, or like a watermelon seed - slipping out with a change of definition

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Thursday, December 11, 2008

Humpty Dumpty On Inflation

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Humpty Dumpty Defines Inflation

Unfortunately there are many definitions of inflation and deflation strewn about. Some play the role of Humpty Dumpty changing meanings at whim, switching from commodity prices, to consumer prices, to expansion of base money or M3 or whatever measure of money seems to be expanding at the fastest rate.

Some do the inflationista two-step to avoid admitting that we are indeed in deflation, choosing instead to call it "disinflation"


In short: "We are going to have a period of deflation that we will instead call disinflation.

[D-Mack]

Re: Mr. deflation's latest is pathetic and priceless

Every deflationist on the planet understands inflation will be back at some point and the Fed will attempt to do everything it can to avoid it.

...

The trick now is to figure out how long deflation will last, not whether we are in it. Humpty Dumpty is of no use, he cannot even see where we are.

Sounds a bit like the oracle at Delphi