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Robert Gottliebsen

Posted by Nicholas Gruen on Tuesday, December 1, 2009

I’ve been reading RG’s strange columns with increasing incredulity.  About how raising interest rates will drive house prices up.  Now he doesn’t seem to understand that you can compensate someone for increased energyprices and they might still reduce their energy consumption (because it’s relative price goes up).  Pretty strange stuff.



 This entry was posted on Tuesday, December 1st, 2009 at 10:49 AM and filed under Economics and public policy. Follow comments here with the RSS 2.0 feed. Apologies. Comments and trackbacks are both currently closed.

3 Responses to “Robert Gottliebsen”

  1. Peter Whiteford said:

    There are quite a number of people who appear not to understand the idea of relative price changes leading to substitution: including over here – http://www.catallaxyfiles.com/blog/?p=7091

    Posted on 01-Dec-09 at 12:50 pm | Permalink
  2. Nabakov said:

    To be fair Nick, I’m sure Bobby’s stuff sounds a lot better when read out by the man himself.

    http://www.youtube.com/watch?v=TVno5kEGLHE

    “And so the three bears came home to find Goldilocks had been shorting their beds and speculating with porridge futures. What do you think happened next children?”

    Posted on 01-Dec-09 at 3:54 pm | Permalink
  3. Nicholas Gruen said:

    I was going to mention RG’s hushed delivery – quite compelling really.

    Posted on 01-Dec-09 at 8:43 pm | Permalink