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Sinking Deep

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One response to “Sinking Deep”

  1. Chuchaii says:

    There’s a number of polrbems with trying to do simple ρ analysis of M2 and CPI. The most important is something called human agency. Humans understand that M2 increases the risk of inflation, so policy makers typically act to prevent any catastrophic outcome (Volcker, Greenspan, Triche).If you plotted ρ between total qty of landmines versus fatalities from landmines you’d have a similar problem.But if you’re point is strictly that there is no 1 to 1 immutable relationship between M2 and CPI, I absolutely agree, point well taken, but only a fool would disagree with that statement.nn1

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