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To: Freedom4US
What I take issue with is the dilution of purchasing power on nominal numbers which affects those on fixed incomes, retired folks, elderly, and the poor. Inflation reduces the “propensity to save”

Inflation sucks. The deflation we suffered under the gold standard and the panics and depressions caused by the shocks to the money supply were worse.

623 posted on 10/28/2007 6:41:33 AM PDT by Toddsterpatriot (And of course, one man's benefit is another man’s loss.)
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To: Toddsterpatriot

At the extremes though, how does hyperinflation differ from deflation? Broke and unemployed, starving, society ripe for revolution, extremism, fascism, communism, whatever - what’s the difference again? This is admittedly using the extremis. I think I’ll fondle my I-bonds again. ;)


624 posted on 10/28/2007 7:19:29 AM PDT by Freedom4US
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