Saturday, July 23, 2011

Libertarians forecast price dispersion, not inflation

Strawmen, the Socialists have found one at last, a Libertarian that forecasts inflation in times of shortages.

Yglesias found the Libertarian after years of searching the Web. As I understand it, the Libertarian volunteered to be the model strawman.

Congratulations, but the problem is not inflation. Inflation, hyperinflation comes just before the breakdown of the Socialist order.

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