The more public musings of Mr. G. Z. T, "A man of mickle name, Renowned much in armes and derring doe."
Friday, October 25, 2013
Running into "inflation truthers"
Hey man, shadowstats says we've been at 10% for ages! Don't you remember paying half as much for everything as you do now just, um, 7 years ago? You know what, calculators capable of doing logarithms are just another statist conspiracy. The point remains, whether the facts bear it out or not, we have a 10% rate of inflation because my axioms say so, as I am an Austrian economist. I mean, like, I'm not from Vienna, I follow the axioms of a guy from a few decades ago who was from Austria, but, really, that's beside the point, the point is that we need to have a gold/bitcoin standard because my axioms say so, whether or not empirical evidence suggests I am right because of LOGIC. Which I am aptly demonstrating here.
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