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Monday, November 8, 2010

Great housing idea number II.


http://www.nber.org/feldstein/wsj03072008.html

3 comments:

All That Glitters said...

hey doc, what say you about this?


World Bank President: "The system should also consider employing gold as an international reference point of market expectations about inflation, deflation and future currency values. Although textbooks may view gold as the old money, markets are using gold as an alternative monetary asset today."

Randall Parker said...

Hey Glitter: Using gold as a guide to inflationary expectations is both useful and appropriate. Using gold for a commodity standard is a pernicious anachronism. You want the Midas touch then fine. Count me out.

Christopher said...

I still think this is too complicated.