So much horse manure. As a business person, I want predictable money, preferably with zero inflation rate.
Stagflation follows.
Transistors have gone thru a long deflationary period and we’ve gotten rich off of it. See Moore’s law
http://en.wikipedia.org/wiki/Moore%27s_law
The only way for the scammers to keep bilking us is to keep inflation going.
Inflation is back door taxation. No wonder they try to get the rubes to accept it and see it as a good thing.
Who are they kidding? Inflation is simply redefined as necessary to keep it officially low. Take a trip to any food market and you will quickly see a flood of inflation.
So, actually, since I’m a responsible saver, all this jargon in this article means I should welcome deflation to a certain extent, but extreme deflation would ruin my mortgage investment.
Got it. So really yay no inflation and yay deflation! Finally conditions that pay off for savers!
BS. The natural rate of inflation is slightly negative as people become more efficient and better tools are made. Anything above that is the government and bankers sticking their hand in the till.
A short spell of deflation driven by cheaper oil
More BS. Inflation is a creation of either over production of money or a fixed money supply with a decreasing total production. Supply shocks, neither positive or negative, are not deflationary nor deflationary. They may decrease or increase prices, but that is not inflation. This argument is like saying the drop in price in electronics(compare $500 for my first 32 MB drive to about $60 for my most recent 128 GB flash drive, or an annual deflation rate of 32% not even count increases in speed or convenience) is bad.
Too many economists confuse deflation in a collapsing economy with the natural deflation from productivity increases and think that since the first is bad (although a secondary effect) that the second is also bad.
Huge pantload.
A “little” inflation is NOT good and the idea that any inflation is some sort of official goal is criminal.
Since this knucklehead takes at face value the government’s completely bogus claims of the level of inflation we are experiencing, he can have no credibility at all (GIGO). And even if the numbers were accurate, the article is still crap.
“The belief that money made tomorrow will be worth less than money today stymies investment;”
That sounds backwards to me. It’s during inflation that tomorrow’s money is worth less than today’s. Other than that the article looks good.
The belief that money made tomorrow will be worth less than money today stymies investmentIn other words, belief that inflation will occur stymies investment.