The WCE's official statistician William Sealy Gosset said that were price rises and falls in the Expatom in 2011, but these were a result of the normal ebb and flow of supply and demand forces.
Gosset credited the policy of the WCE Central Bank which let the money supply grow at the annual rate of GDP growth, which was one thousand percent, in the first three quarters of 1911. Said Gosset: "Milton Friedman would have been proud. Paul Krugman has been flummoxed!"
Absolutely magnificent.
ReplyDeleteNow, doesn't this just show what can be achieved once the Keynsian slates have been wiped clean?
The consensus of economic analysts is that we are at the dawn of the Wuxi China Expatdom Century!