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by Tyler Cowen on March 12, 2009 at 4:15 pm in Web/Tech | Permalink

3 comments

bbartlog March 12, 2009 at 4:26 pm: tin has gone from $300 a pound to $5 a pound

Tin was never $300 per pound. Someone goofed. A more likely price move (if we assume that the only error here is that someone can’t keep their decimal points straight) would be $3.00 per pound to $0.50 per pound for scrap tin.
David Wright March 13, 2009 at 12:47 am: Krugman’s refusal to admit that — or even really engage in discussion over whether — as Sumner says, fiscal policy can “make our fiat currency worth less”, when even Zimbabwe has managed it, is really making him look increasingly bull-headed. The generous explanation is that it just doesn’t fit into his beloved model of a liquidity trap. The less generous explanation is that this possibility doesn’t facilitate his attempt to construct an academic justification for the massive expansion of government spending that he so ardently desires (as long as it is directed by the “right” political party).
Ted Craig March 13, 2009 at 8:36 am: 3. Another really bad sign for Portfolio.

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