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A comment on Zimbabwe offers new exchange rate: $1 for 35,000,000,000,000,000 old dollars. Parent comment

Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by rtpg on Friday June 12, 2015 @09:39PM (#9709519)
What you're saying doesn't hold up empirically. And like they say, if it doesn't hold up in practice, how should we accept it as theory
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Re:Zimbabwe offers new exchange rate: $1 for 35,000,000,000,... by ghshephard on Friday June 12, 2015 @10:45PM (#9709681)
Which of the three do you think doesn't hold up empirically?

That we can cause inflation at will (pretty much universally agreed); that we can cause deflation with a bit of discipline/rigor (the mechanism for this is well understood as well); or that we are unable to reliably maintain a persistent low positive inflation rate (There is a Nobel prize for you if you have a guaranteed formula for that).

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