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Everyone paying a mortgage would be hosed just to start off with. Seriously, inflation serves a purpose, it cause people to invest instead of just letting their money sit in a bank like you want. You arent even trying to educate yourself on the purpose of inflation, or why we have inflation target.
Educate myself? Seriously? Think about it, what you earn off inflation is more than offset by the interest you pay. Inflation only benefits banks, manufacturing, and governments, it is a bain for most consumers. That is not to say it is not possible to make money from inflation, I have made more than my share, but I fully realize that my windfall has been at the expense of others.
As an economic policy, it creates the kind of wealth inequality we have today. Half the people in this country today could not put there hands on $2000 cash within one week without resorting to some kind of financing.
That is a country of poor people who have been victimized by an inflation based fractional banking system designed by bankers for the benefit of bankers.
Educate myself? Seriously? Think about it, what you earn off inflation is more than offset by the interest you pay. Inflation only benefits banks, manufacturing, and governments, it is a bain for most consumers. That is not to say it is not possible to make money from inflation, I have made more than my share, but I fully realize that my windfall has been at the expense of others.
As an economic policy, it creates the kind of wealth inequality we have today. Half the people in this country today could not put there hands on $2000 cash within one week without resorting to some kind of financing.
That is a country of poor people who have been victimized by an inflation based fractional banking system designed by bankers for the benefit of bankers.
Yes educate yourself, you're being purposefully ignorant. Why don't you Google it? This isn't horrifically complex, I even pointed out the specific reason why low levels of inflation are good.....and you ignored it.
Keep in mind I think a inflation rate of 4% and higher is bad, and 1% and lower is bad. The exact number in between those is open to debate amongst economists, with 2 being the most common number, but 3% being discussed heavily.
Yes educate yourself, you're being purposefully ignorant. Why don't you Google it? This isn't horrifically complex, I even pointed out the specific reason why low levels of inflation are good.....and you ignored it.
Keep in mind I think a inflation rate of 4% and higher is bad, and 1% and lower is bad. The exact number in between those is open to debate amongst economists, with 2 being the most common number, but 3% being discussed heavily.
No, ANY inflation is bad. Deflation is deadly to those in debt. The ONLY reason you find all those idiotic theories about inflation being "good" is that it encourages debt and financing, since debt is repaid in cheaper and easier to get currency.
Inflation robs the purchasing power of your earnings away from you, which is precisely why everyone is in debt and the poor stay poor - because SAVING to own or buy is extremely difficult. What you save purchases less and less over time. Inflation sponsored by government ROBS the people of their earnings for the purpose of buying votes by liberals. It steals from the earners and savers to be spent now, at the cost of the future.
Obamacare is a very close second influence on our economy until 2016.
Then Obamacare will be number one.
Oh, no way.
Tax policy is ENTIRE reason the medical system is so incredibly expensive and so unresponsive to market forces. Obamacare's just a worsening of that, but the impact on the medical system of tax policy is large and the economic impact of it with the Obamacare costs it imposes (and worsens) may very well collapse the economy.
Today, you buy a pen, a loaf of bread, a gallon of milk, and most other commodities for a small fraction of an hour's income. The efficiencies capitalism has created are staggering to the mind. Yet, the cost of a simple doctor's visit have risen over the years, in terms of how long it takes you to earn it.
Why? No free market influence. Why no free market influence? Tax policy, which encourages employer ( and thereby, insurance) paid health care. That single thing has changed a routinely purchased commodity into something employers provide with no market or affordability feedback and the cost increases, compared to say, commodity foods, the wholesale price of most commodities, is astronomical.
If health care had been subject to free market pressures, like food, today, health care would be so inexpensive few would worry about it, just like few of us worry about being able to buy apples or tomatoes. We pay drastically inflated prices for those, but the efficiencies of the market are such that we don't even notice the extra cost of the transportation, storage, and so on that's now built into them.
Educate myself? Seriously? Think about it, what you earn off inflation is more than offset by the interest you pay. Inflation only benefits banks, manufacturing, and governments, it is a bain for most consumers. That is not to say it is not possible to make money from inflation, I have made more than my share, but I fully realize that my windfall has been at the expense of others.
As an economic policy, it creates the kind of wealth inequality we have today. Half the people in this country today could not put there hands on $2000 cash within one week without resorting to some kind of financing.
That is a country of poor people who have been victimized by an inflation based fractional banking system designed by bankers for the benefit of bankers.
Benefits Banks:
Because prices increase more people are forced to borrow. Housing was a boon because it forced people to borrow outlandish amounts to finance a house.
Benefits Government:
Pay increases, a second job = more tax money into government coffers. Just like minimum wage increases. People would be better off demanding lower taxes instead of demanding higher wages. At least with lower taxes you get to keep more of the money you earn. With higher wages you'll pay higher taxes.
Manufacturing:
Not sure, they have to increase prices to offset their cost.
No, ANY inflation is bad. Deflation is deadly to those in debt. The ONLY reason you find all those idiotic theories about inflation being "good" is that it encourages debt and financing, since debt is repaid in cheaper and easier to get currency.
Inflation robs the purchasing power of your earnings away from you, which is precisely why everyone is in debt and the poor stay poor - because SAVING to own or buy is extremely difficult. What you save purchases less and less over time. Inflation sponsored by government ROBS the people of their earnings for the purpose of buying votes by liberals. It steals from the earners and savers to be spent now, at the cost of the future.
And you call other people ignorant?!!!
Yes I do. When you disagree with the vast majority of economists you have to come up with a pretty good justification to do so, or a really compelling argument. You have neither. You want to see what deflation does? Go look at Japan. When just leaving your money in your bank doing nothing increases its value....your money is not going to move, you aren't going to invest. Even if its break even many would do nothing with it. Inflation is what makes our economy functional.
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