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To: Southack
I'm sorry - I saw a post that began with the humble phrase "You don't understand economics" Followed by the misstatement that "a plunging dollar would make a 401lk worth more"

Was that not you?

41 posted on 11/22/2010 7:00:25 AM PST by jd777
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To: jd777

In your desperation to “be right” on the internet (whoa, grand feat, that), you are still missing the context of a conversation between two other people that you’ve jumped into blindly.

The context involves the direction of prices during inflation.

One poster claimed that prices would fall during inflation.

I corrected him.

You’ve seen this correction, taken issue with it, and are making an entirely different argument about wealth creation, as in “wealth is not created by merely increasing prices.”

And that’s correct. Inflation doesn’t magically create wealth. Of course, no one was arguing differently, but that hasn’t stopped you from saying whatever it is that you have to say.


42 posted on 11/22/2010 7:07:59 AM PST by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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