Enough with the buffoonery

What If What Economists Taught Us Is Wrong?

This is awesome! An untrained clown who rants against economists and a bunch of anonymous "ghosts" that rapidly jump on the bandwagon. And that's why we have the chance to read how some John Doe takes the name "carey_jim" and dares question the skills and knowledge of the whole set of soviet economists. The later is a group that includes names like: Kantorovich.
But what do you know, as Mr Iacono, many of you "have no formal training in economics, investments, or personal finance." (TAKEN FROM: www.iaconoresearch.com..., 5t paragraph).

What If What Economists Taught Us Is Wrong?

If this article was as revelatory of economic insights as it is of Mr. Iacono's ignorance of modern economic theorization, we can be sure this post would be granted a place in Seeking Alpha's Hall of Fame.
But it is not.
We shouldn't discard this article, though; it's here to remind us the negative effects of labor specialization: software engineers should work with software, not financial markets. And we should be cautious when we read what they write about central banking and monetary policy. Their production in the Economic and Financial fields are less likely to have roots in profound knowledge of the subjects than in personal audacity and temerity.

Is Anyone Benefiting From Global Inflation?

As an addendum to my previous comment, I would like to note that where it reads "China and India didn't weigh (...)" I meant "China, India and emerging countries (...)".

Is Anyone Benefiting From Global Inflation?

@Aly-Khan Satchu. You say: "Clearly, the Beneficiaries are those who are long of resources."

And that's exactly what Samuel said when he pointed out "Farmers, oil producers and all the people involved in the commodities supply change are the big winners". Nobody's is more "long" on agricultural resources than landowners.

To agree to the idea that prices would turn to be fairer we need to adhere to the notion that they were not such in the past. However, no illusionary pricing ever existed (as you refer in your Carroll-esque depiction). It's just that China and India didn't weigh as much as they do nowadays; with their incorporation the market players change, and this is reflected in prices. There's no room for a call on belligerence against westerners.

Injecting Accountability into the Credit Crisis

"As we set a plan for withdrawal, we include benchmarks in that plan that will include the repayment of our expenditures to liberate their nation along with favorable future trade terms for a finite period as a premium for the sacrifices we’ve made as a nation on their behalf."


*Whistles nonchalantly*