Cafe Hayek - Latest Comments in Some Easy Predictions

Re: Some Easy Predictions

Henri Hein — Fri, 12 May 2006 15:59:32 -0000

Nice.

The last bullet point seems to be a regular prediction, not a pattern prediction, though.

Re: Some Easy Predictions

JD — Fri, 12 May 2006 10:57:56 -0000

Dr. Don Boudreaux,

Once again, you knocked one out of the park, but sadly I believe that cb might have gotten it right.

Re: Some Easy Predictions

Jon Henke — Fri, 12 May 2006 08:59:32 -0000

Good article, Don. It inspired me to imagine what it would be like if grocery stores were run like schools...

http://www.qando.net/Detail...

Re: Some Easy Predictions

iceberg — Fri, 12 May 2006 08:16:36 -0000

Here is my prediction:

Nobody listens.

Re: Some Easy Predictions

cb — Fri, 12 May 2006 07:03:01 -0000

Agree w/ everything, but it should be noted that while the overall level of productivity might be higher in Europe due labor market restrictions, the numbers we see everyday are changes in productivity, which will be higher in the US, for example.

It's amazing how many people confuse level with changes in level.

Re: Some Easy Predictions

Aaron Krowne — Fri, 12 May 2006 04:57:27 -0000

Sadly, as far as the economic establishment is concerned, your most debatable crystal-ball truth is that an increase in money supply will lead to inflation.

The fact that no one understands this allows the Fed to play its shell game of pumping up money supply to enrich the government and the financial industry, then treating the resulting inflation (which largely befalls the less-well-to-do) as a natural disaster.

Re: Some Easy Predictions

sourav — Fri, 12 May 2006 04:35:36 -0000

Bravo!

Re: Some Easy Predictions

Adam — Fri, 12 May 2006 04:10:51 -0000

I'd add that worker productivity in France & Germany is higher because employers would rather increase production by adding capital instead of labour, even if the latter is cheaper. At least they can shut the machines off if demand goes down.

Re: Some Easy Predictions

Chris Meisenzahl — Fri, 12 May 2006 03:47:56 -0000

Well done as usual, thanks Dr. Boudreaux!