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User Info	Pillars of deflationists' arguments disputed; entered at 2007-12-02 14:32:18
Bozonian Posts: 19033 Registered: 2007-09-01 Saratoga Springs, New York	Most economic theories go out the window if you include random actions by the government, and random they will be because congress is full of idiots. They will choose the route that keeps them elected, inflation. The only way out is to inflate. This fixes a lot of problems (while causing others). The problems it fixes are the important ones. Except for gas prices, Wall Street and most Americans are fooled by inflation. Inflation on everything except oil is being accepted by Americans. They are the slowly boiled frog that doesn't notice it's about to be cooked. Don't believe there is inflation? Check your health insurance bill? Your education bill? Your house purchase price? Your gasoline price? I went to the low budget restaurant, Soup Plantation this weekend. My bill was $18 for two people last year. Now it's $20. That's almost 10% food increase in a year. However, people only seem to whine about gas prices because those shoot up 10%, 20% in a month. The others are the slow killers that people just accept. They can do without them, that's why. Inflation solves everything, short term. However the payup at the end is even worse. Congress likes that. Put off the day of reckoning until I'm out of office. There you go. That's what they'll try. That's what they are already having the FED do by lowering interest rates. The big question is, "Have we reached the day of reckoning?" If not, then inflation is the order of the day. If we have, collapse and deflation. I don't think the end will come without a period of last gasp hyperinflation. But I could be an idiot, and congress could be full of geniuses. Last modified: 2007-12-02 14:34:21 by bozonian 2007-12-02 14:32:18