tag:blogger.com,1999:blog-35117130.post5800537635051389242..comments2024-03-28T19:18:40.387-04:00Comments on Northern Reflections: Inflation PanicOwen Grayhttp://www.blogger.com/profile/06464860078574618579noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-35117130.post-30368485527668300332021-06-22T16:13:12.471-04:002021-06-22T16:13:12.471-04:00In a time of burgeoning conspiracy theories, Mound...In a time of burgeoning conspiracy theories, Mound, we cast reason to the wind.Owen Grayhttps://www.blogger.com/profile/06464860078574618579noreply@blogger.comtag:blogger.com,1999:blog-35117130.post-59995078487792131942021-06-22T15:04:47.273-04:002021-06-22T15:04:47.273-04:00It was understood a few months ago that as economi...It was understood a few months ago that as economies emerged from lockdowns, etc., there would be a short-lived inflationary blip. Then, when that comes to pass, we ignore the earlier analysis because the sky is falling. <br /><br />We're silly people. Look at the minor events that can send gas pump prices jumping 5, even 10 cents a litre. We become incapable of distinguishing threats real from imagined.The Disaffected Libhttps://www.blogger.com/profile/13135599782685108764noreply@blogger.comtag:blogger.com,1999:blog-35117130.post-37513026944264539012021-06-22T14:57:23.157-04:002021-06-22T14:57:23.157-04:00As Mr. Twain wrote, PoV: "There are lies, dam...As Mr. Twain wrote, PoV: "There are lies, damned lies and there are statistics."Owen Grayhttps://www.blogger.com/profile/06464860078574618579noreply@blogger.comtag:blogger.com,1999:blog-35117130.post-51903861155369055402021-06-22T14:01:28.474-04:002021-06-22T14:01:28.474-04:00Like my distrust that GDP is a meaningful measurem...Like my distrust that GDP is a meaningful measurement, the I am skeptical of the inflation stats and fear they are just part of wage-suppression. Cost of living, indeed!Northern PoVhttps://www.blogger.com/profile/04670080478290108536noreply@blogger.comtag:blogger.com,1999:blog-35117130.post-67169180054386961982021-06-22T12:49:08.902-04:002021-06-22T12:49:08.902-04:00A fair point, Toby. What matters is the cost of ne...A fair point, Toby. What matters is the cost of necessities.Owen Grayhttps://www.blogger.com/profile/06464860078574618579noreply@blogger.comtag:blogger.com,1999:blog-35117130.post-7396190807486489042021-06-22T12:41:30.928-04:002021-06-22T12:41:30.928-04:00In the public mind inflation is often conflated wi...In the public mind <i>inflation</i> is often conflated with <i>cost of living</i>. They are different numbers however it is <i>cost of living</i> that matters to most of us. Tobynoreply@blogger.com