The Inflationary Spiral

The Publius Forum ^ | April 13, 2010 | Dan Scott

[dscott8186]

The wild spending policies of Barack Obama and his allies in Congress give one pause to consider if anyone with a half a brain could not foresee-ably know such deficit spending will not end well for the country. This pattern has played itself out many times in countries such as Zimbabwe. No matter how insular a demagogue is he has to face reality at some point and at least have considered the issue of hyperinflation because his critics warned him about it. Given that liberals like Barack Obama operate under the principle of Equality of Outcome, it has become very clear that such policies are designed to LOWER the living standard of the wealthy via taxes and regulations BUT NOT increase the living standard of the poor by maintaining their cost of living. Or have you not noticed that liberals constantly harp on the issue of income inequality and the widening gap between the richest person and the poorest? What easier way is there to wipe out income inequality but to inflate the dollars in the hands of the poor while making the dollars in the hands of the rich worth less?

[dscott8186]

Be ready to shift out of CDs or make darn sure you ladder them over a short time period otherwise you not preserve the money you worked hard for and denied spending on yourself.

[mlocher]

Given that liberals like Barack Obama operate under the principle of Equality of Outcome, it has become very clear that such policies are designed to LOWER the living standard of the wealthy via taxes and regulations BUT NOT increase the living standard of the poor by maintaining their cost of living.

A low tide causes all boats to hit bottom.

[Freedom_Is_Not_Free]

Good point, but if you don’t mind my exercising a bit of poetic license with your statement.

How about:

“A falling tide beaches all boats.”

[mlocher]

“A falling tide beaches all boats.”

You have a better way with words than I!

[Freedom_Is_Not_Free]

But it was your concept. You win!