Some Easy Predictions

by Don Boudreaux on May 12, 2006

in The Economy

Here’s my latest in the Pittsburgh Tribune-Review.  I hope — although I don’t dare predict — that you’ll enjoy reading it.

Comments

{ 9 comments }

Chris Meisenzahl May 12, 2006 at 7:47 am

Well done as usual, thanks Dr. Boudreaux!

Adam May 12, 2006 at 8:10 am

I'd add that worker productivity in France & Germany is higher because employers would rather increase production by adding capital instead of labour, even if the latter is cheaper. At least they can shut the machines off if demand goes down.

sourav May 12, 2006 at 8:35 am

Bravo!

Aaron Krowne May 12, 2006 at 8:57 am

Sadly, as far as the economic establishment is concerned, your most debatable crystal-ball truth is that an increase in money supply will lead to inflation.

The fact that no one understands this allows the Fed to play its shell game of pumping up money supply to enrich the government and the financial industry, then treating the resulting inflation (which largely befalls the less-well-to-do) as a natural disaster.

cb May 12, 2006 at 11:03 am

Agree w/ everything, but it should be noted that while the overall level of productivity might be higher in Europe due labor market restrictions, the numbers we see everyday are changes in productivity, which will be higher in the US, for example.

It's amazing how many people confuse level with changes in level.

iceberg May 12, 2006 at 12:16 pm

Here is my prediction:

Nobody listens.

Jon Henke May 12, 2006 at 12:59 pm

Good article, Don. It inspired me to imagine what it would be like if grocery stores were run like schools…

http://www.qando.net/Details.aspx?Entry=3855

JD May 12, 2006 at 2:57 pm

Dr. Don Boudreaux,

Once again, you knocked one out of the park, but sadly I believe that cb might have gotten it right.

Henri Hein May 12, 2006 at 7:59 pm

Nice.

The last bullet point seems to be a regular prediction, not a pattern prediction, though.

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