More on Inflation

Does anyone know Roosevelt's famous joke about the one handed economists? Well, the web has offered us a real flood of one handed economists - the problem is, some of the have a left hand and some a right. Yesterday Iposted about Krugman's view on inflation. And now...

http://people.brandeis.edu/~cecchett/pdf/inf_current.htm

Conservative Economist Greg Mankiw direct us to this "exchange", and he weighs in against Krugman.

http://gregmankiw.blogspot.com/2006/06/on-forecasting-inflation.html

I'm no economist, but Mankiw sounds like he knows what he's talking about. Waiting for Krugman's response...

Stephen Colbert and the Exposure of American Congressmen

Who voted for this guy? in Israel, we have a relative vote system, so I understand how some lowly member of Parliament (what they call "Backbenchers in the UK") can be rediculously incompetent. But who would vote for someone who can think of no better place for the Ten Commandment then the Court House, and yet can't name them?

http://onegoodmove.org/1gm/1gmarchive/2006/06/ten_commandment.html

Krugman's newest;

I haven't exactly been a deiligent (nor a particularly well read) Blogger, but Krugman's latest is so fine...

http://krugblog.wordpress.com/2006/06/16/the-phantom-menace/

I'm no fan of Bush and of the current US Administration, but Krugman's columns have been attacking the Government so much, he's almost stopped doing what he does best, which is explain complicated economic ideas in simple, accessible language. When hee gets back to doing just that, he's brilliant.