Re: [Fwd: Interest Rates, Inflation, Exchange Rates and Credit inBullAnd Bear Markets]

["Alan G. Isaac" <aisaac@xxxxxxxxxxxx>]

On Sat, 2 Dec 2000, Henry C.K. Liu wrote:
> You are getting irritating.  What is my view that is not reasonable?
> The sentence you object to reads as follows: "Yet many astute
> economists insist that high interest rate causes inflation, at least
> in the long run."
> You have a right to disagree, but you have no right to label my
> "suggestion" unreasonable without documentation.

You suggest that ``many astute economists insist that
high interest rate causes inflation, at least in the
long run.''  That is simply false.  I pointed that out,
and you cited Randy.  I therefore pointed out that the
quote you offer from Randy does not assert the
causality that you suggest. Which is fortunate, since astute
economists will not make such a causal claim, and I'd hate
to see Randy embarass himself.

I also offered you a simple thought experiment that
was intended to make the point that it is obvious
that no astute economist will make the claim that
you attribute to ``many''.  You have not discussed
this.

> If you read the rest
> of the post you will see that I do not agree with that view that high
> interest rate necessarily cause inflation.  Many other people read the
> same post, including Randy, and many have different perspectives, but
> none except you have found it unresonable. You should read carefully
> and not put word in other people's posts just to be contrarian.

Please show me where I miscited you.
If I did, I apologize, but I do not see that I did.

> Every time you are caught with one of your unsupportable, arrogant
> statements, you change your position and focus on some other trivial
> with grand insults.

Please mention a position that I have changed
rather than make such an unsupported claim.
I'd be happy to discuss it with you if you
provide an example. If you cannot, well . . .
you're sounding more than a bit defensive.

> You use espression such as "...you falsely asserted..." not even
> "inaccurately".

I hope you did not think that I was implying that your
false claim was intentionally false.
It is just an assertion that is false.
I certainly apologize if that was not clear.
But the claim appears clearly false, not just inaccurate.
Who on earth did you have in mind when you made it?

> The thrust of my post is in fact a challenge of the causal effect of
> high interest rate to inflation by suggesting that some astute
> economist seems to think so.

Actually you should be able to list ``many'',
I assume, since that's the number you claimed.
So far, on my reading, you have not been
able to list one.  So far you have nothing
to challenge but your mischaracterization.

Cheers,
Alan