tag:blogger.com,1999:blog-9114808246459538090.post2722683776038983859..comments2024-03-28T08:25:01.280-04:00Comments on Castle Vardulon: Archie Presents: Valuable Economic LessonsVardulonhttp://www.blogger.com/profile/17821844774999740966noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9114808246459538090.post-20778904159895300122011-08-30T23:27:11.356-04:002011-08-30T23:27:11.356-04:00Inflation is caused when too much money exists in ...Inflation is caused when too much money exists in the economy. The excess of money means that each dollar is worth less...thereby prices need to increase to combat the loss of purchasing power.<br /><br />Under Carter, interest rates rose into the high teens to PREVENT the free flow of money. Basically, the opposite of what Archie is preaching.<br /><br />By refusing to spend, buyers will force sellers to reduce prices in order to stimulate trade. Then prices will meet the value of the dollar in the middle and whammo...stabilization.<br /><br />Or Archie's solution, written by an author who only earned his salary because some rich guy paid him, clearly bests that of every economist who ever lived.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9114808246459538090.post-81643595267112344712011-08-08T18:23:57.714-04:002011-08-08T18:23:57.714-04:00... and what does it say about Castle Vardulon tha...... and what does it say about Castle Vardulon that you are trying to learn economics from Archie comics? Do you also learn about radiation from Spider-Man, genetics from the X-Men, and exobiology from Superman?art.the.nerdhttps://www.blogger.com/profile/15217116501544593071noreply@blogger.comtag:blogger.com,1999:blog-9114808246459538090.post-86495344333082486462011-08-06T18:03:35.188-04:002011-08-06T18:03:35.188-04:00Right on CountRight on CountBedazzled Cronenoreply@blogger.com