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Don't these people have editors?

Perhaps it might be worthwhile mentioning to him that the yield the government needs to pay to attract investors to buy debt is typically related to inflation and the expectations thereof as well.

That's another thing: expected inflation is incorporated in the price of govt debt. He can't even make the distinction between anticipated and unanticipated inflation.


A trainwreck is an apt analogy.

Totally incoherent. He's trying to ride one on the dim right wing's favorite hobby horse. This was my favorite line:

"inflation remains governments' preferred way to repudiate debt"

He's apparently unaware that all bonds (government or corporate) are subject to inflation risk.

At this point, the only conclusions left are either that Reynolds has some dirt on senior people at the Globe that prevents them from firing him, or that they (the owners/editors) simply don't care about the credibility of their paper or that they don't mind incoherent misleading nonsense as long as it is incoherent misleading right win nonsense that suits the interests of the papers owners. i.e. blackmail, incompetence or malice, take your pick.

brendon ask "do these people have editors"

Neil Reynolds was an editor of the Vancouver Sun. Where a real economist (David Bond) was axed for telling the truth that cutting taxes without cutting spending would lead to deficits, and where the paper became the publishing arm of the Fraser Institute.

Reynolds has written approvingly written about the sensible work of Vaclav Smil on energy transitions, but will also has written about the potential of carbon capture and storage to mitigate green house gas emissions in the oil sands. Which shows his reading of Smil is awfully selective.

An original glibertarian.

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