You were a lousy deal.

The Monetarist Mistake

We were lucky. Where do we unload?

That's right .. that proves it. He never intended to go to the drugstore at all.

I peddle goods around here, and I better tell you you're on the wrong train.

I have already missed the delivery time, what should I do next?

I have missed the delivery time, what should I do next?

Get the rest down at the corner drugstore. Sounds wonderful.

Super Sizing the IMF is Wrong

Two Wrongs Don t Make a Right at the IMF and World Bank

This would reduce the severity and risk of financial crises by limiting currency mismatches.

And yet, Keyes, as I was walking down the street to the drugstore... suddenly it came over me that everything would go wrong.

How a concept is framed, the context and associations with which it is presented, affect human judgments enormously. A tax called a death tax is regarded very differently from a tax called an inheritance tax, even though the two are really identical.

Purchasers of goods and services should have the opportunity to correct input errors immediately prior to confirmation of acceptance (double click).

Now this is several years ago. Adjusted for inflation, it's a decent sum of money for a few minutes of work.

Chapter 6 (previously 5) only applies to loss, damage or delay to the goods and not, for instance, to misdelivery.

You're wrong. You're making a mistake.

The Fed, of course, has absolved itself of any blame in setting up the US and the global economy for the Great Crisis. It was not monetary policy s fault, argued both former Fed Chairmen Alan Greenspan and Ben Bernanke if anything, they insisted, a lack of regulatory oversight was the culprit.

What was not was not.

That isn't true, absolutely not true.

You're wrong.

I vote that the students responsible be expelled from this school.

Not bad, not bad.

Greatly, greatly pitied...

You couldn't be more wrong.

That's it!

Nice, nice.

Not bad, eh?

Great, great!

Well well.

How wrong I was.

Right?

Throughout the world, people suffer from a serious perception error that has inhibited them from taking concrete steps to protect themselves from inflation or deflation. The error is called the money illusion the belief that a nominal unit of currency is the best measure of value, even though its real value is unstable.

It was all a mistake, a horrible mistake.

Not bad. Not bad at all.

Fine. Just fine.

Oh, good, good.

Dolly. Not really bad.

You are making a terrible mistake.

Laughs I said, You wrong, man. You dead wrong!

The renminbi has appreciated sharply over the past several years, exports are sagging, and the risk of deflation is growing. Under these circumstances, many suggest that a reversal in Chinese currency policy to weaken the renminbi is the most logical course.

This prideful interpretation amounted to the siren song of an extremely accommodative monetary policy. Unable to disentangle the global and domestic pressures suppressing inflation, a price targeting Fed has erred consistently on the side of easy money.

And child you've knocked out more sense than that?

Others nearly not.

You're wrong!