Re: The Economy, Lounge Style
While I often disagree with Boro, he is an thoughtful and knowlegeable poster.
However IMO, Lounge-esque discussions on the economy should really not center on the descriptive (ie how inflation can be measured) but on the specific (perceived) impacts of economic policy and behavior.
For those who think they can learn enough econ to have an informed philosophical/econ engineering discusssion after a few courses/wiki readings, you are wrong.
But anyone can talk about rent control pros and cons then come to logical conclusions.
So my suggestion is to topics very specific/ centered around micro economic topics, not "the purpose of the fed".
Good question: Why did milk prices in my store go up?
Bad questions: Why do prices rise over time? What causes exchange rates to fluctuate?
As evidenced from other forums and Boro's rediculously long post, Macro discussions don't blend with the more subjective lounge type discussions and very often don't have realistic answers.
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