Posted on 11/29/2006 5:30:58 PM PST by GodGunsGuts
Even with your magic formula? That's too bad. I had a lot of faith in that magic until today. This looks like a job for the easy button.
I admit it's difficult, if not impossible, to have 0% inflation. I admit it's difficult, if not impossible, to know exactly how to measure CPI, and somehow this means I believe I'm an expert who knows how to adjust everything. Meanwhile, some people think that if the price of gold falls, that means all prices fall. Even insisting that we had deflation during Reagan's terms in office.
Maybe he doesn't understand the difference between deflation and disinflation?
This looks like a job for the easy button.
I think he needs an eduction button.
No problem...I see China as the real enemy in the War on Terror. Their client-states--North Korea, Iran and Syria--are ramping up the stakes. We're playing right into their hands. If we abandon Iraq before taking out Syria and Iran (with whatever means necessary) then Europe is doomed, and we're next. Why do you think that Japan is rearming? Exploring the nuclear option for defense and creating a defense ministry, these are the first two steps Japan is taking to defend itself and the Pacific rim, in case we fail.
Why do you say it was 'deflation'. If you're using an index, tell us what it is. If you're making it up, admit it. After all, 78.6% of all stats on these threads are simply invented by the freeper posting them...
Look at a chart of the price of gold. Except for the recent speculative spike that chart describes the level of the dollar. Also you might check with economic authorities. Most articles on the subject in the late 90s and right up to 02 or so started with or referenced somewhere in the body of the article "the deflation of the last few years". I read that phrase many times in postings on FR as well in WSJ and IBD. You might also check commodities price charts.They all declined over the period and lots of "relief" was expressed by the economics writers after 2000 that commodity prices were finally starting to rise as if that were a positive sign of anything. Consider the 0% interest rates the car companies were offering almost as the standard car loan for much of that period. They were making money at 0%.
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