Friday, May 28

"Modern Keynesianism works great until it doesn’t" -David Einhorn

An interesting read in today's op-ed section of the NY Times from the man who called Lehman's bankruptcy and prominent gold bull, David Einhorn.

One of Einhorn's claims is that inflation, according to the conspiratorial sounding website Shadow Government Statistics, is actually running at 9% if you use the pre-1980 calculation method, as compared to the current 2% calculated via the current CPI method.

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