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Tuesday, January 25, 2011

I Don't Want to Read Too Much Into This Gallup Poll, But...

It is highly suggestive of an excess money demand problem. This poll finds that concerns about a "lack of money/low wages" is cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 most important financial problem American face.  This concern trumps healthcare costs and too much debt.  Now, cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 respondents may be thinking more in terms of not having enough income racá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r than not having enough medium of exchange, but still given all cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 talk about balance sheet recessions it is interesting that this "lack of money/low wage" concern is more important than too much debt. Here is a summary figure of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365se concerns since March, 2009: (Click on figure to enlarge.)


Between cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 findings from this Gallup poll and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 data shown in this post, you can forgive me for thinking that maybe, just maybe cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re still is an excess money demand problem.

5 comments:

  1. OMG, DB, you are starting to remind me of Solow on Friedman: "Everything reminds Milton of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 Money supply. Well everything reminds me of sex but I keep it out of my papers"

    ReplyDelete
  2. Duh. People want more income now--business and labor want more work.
    No one is turning away work, no one is breezily raising prices.

    We could pour money out of wheelbarrows in low-moderate income neighborhoods to good effect (save for some moral hazard--people get money for nothing).

    I suggest we run national lotteries that pay $2 for every $1 taken in, but in $100 winning tix.

    This would eliminate moral hazard, as you had to risk capital to win. That sounds almost like virtue, doesn't it?

    Yes, demand is weak, demand is weak, demand is weak.

    ReplyDelete
  3. I think you're pushing it with this example.

    One could also say that low wage concerns are an indication that prices in cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 labour market have already fallen, and cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 money-for-labour market is now clearing. No excess demand for money.

    Whatever cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 case, trying to show that cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365re is an excess demand for x is pure speculation, unless - I suppose - you can see actual lines forming.

    ReplyDelete
  4. It's very easy to confound variables here. Whecá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365r somebody thinks about "low wages" or "too much debt" is going to depend a lot on atmospheric conditions. Higher wages would make cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 debt less of a problem.

    OTOH, health care costs are only a problem if you're sick now, or paying off medical bills - which could be too much debt.

    However you slice it, those three things collectively are problems effecting 41% of respondents.

    This could account for some of cá cược thể thao bet365_cách nạp tiền vào bet365_ đăng ký bet365 high money demand. Money is one of those things you don't think much about, unless you have a lack.

    Cheers!
    JzB

    ReplyDelete
  5. Okay, okay,...I will exorcise this monetary disequilibrium spirit from me now!

    ReplyDelete