Minimum wage flap proof that inflation begining to hurt economy

[jimhcom]

Originally Posted by freemkt

People who cannot afford owned housing can substitute rented housing.

Rented housing is usually more expensive than owned housing.

How does that work?

Renting is cheaper in the short term, but more expensive in the long term. It is yet another way you can interpret data to fit your agenda.

[Larry Caldwell]

Originally Posted by freemkt

Cool, sounds like another type of forced insurance.

The free market in action. You always have the option of not buying. If enough people do that, the price will come down.

[Larry Caldwell]

Originally Posted by freemkt

Sounds like the best and most concise reason to oppose illegal immigration and amnesty.

Or if you are a conservative who tends toward supply side economics you can stimulate the construction of more rental units.

When did conservatism become such a negative thing? When I was a kid, conservatives were gung ho on building America's future.

[Larry Caldwell]

I still don't see what is so bad about deflation. One of the biggest booms in American history was fueled by deflation. When assembly lines came in, consumer goods got rapidly cheaper. People could suddenly afford to buy a car, a refrigerator, a washing machine or a water heater. More recently, the deflation in computer prices have allowed anyone to own a computer, where once they were out of reach to the average consumer.

I think the Fed should let currency deflate. Things would get cheaper, workers wouldn't need raises to stay even, and everyone's savings would be worth more.

[freemkt]

Originally Posted by Larry Caldwell

Or if you are a conservative who tends toward supply side economics you can stimulate the construction of more rental units.

When did conservatism become such a negative thing? When I was a kid, conservatives were gung ho on building America's future.

??? But conservatives are also homeowners, and the supply-side desire to stimulate the constructiion of more rental units is in conflict with the homeowners' NIMBY desires for fewer rental units in their neighborhood.

Put another way, conservatives are rental unit supply siders until they become homeowners.

[ringwise]

Originally Posted by freemkt

??? But conservatives are also homeowners, and the supply-side desire to stimulate the constructiion of more rental units is in conflict with the homeowners' NIMBY desires for fewer rental units in their neighborhood.

Put another way, conservatives are rental unit supply siders until they become homeowners.

Yea, because no liberals own homes.

[WupTeeDo]

Originally Posted by freemkt

??? But conservatives are also homeowners, and the supply-side desire to stimulate the constructiion of more rental units is in conflict with the homeowners' NIMBY desires for fewer rental units in their neighborhood.

Put another way, conservatives are rental unit supply siders until they become homeowners.

What about those conservatives that take on the risk of investing in rental property, thus becoming landlords. As a long term type rental/house-flipper type, I can tell you that regardless of the price range ($500 to $2500 per month) tenants still trash homes. Funny thing, the tax codes seems almost to favor the landlord -- go figure.

Supply and demand, the equation is never balanced.

[Mikelee81]

I saw something about people being concerned that raising the minimum wage will cause inflation.

Well NO KIDDING! The entire system is based upon creating inflation devaluing the currency. It's an endless cycle which ultimately is stealing the wealth of future generations.

Borrow money, print money.. inflation.. raise minimum wage.. inflation.. etc