I’m sure we can blame it on Bush. That and Jim Crow laws.
Obama borrowed seven trillion dollars, printed another three trillion and proclaimed himself an economic genius.
Studies by Sir Henry Phelps-Brown of a "market basket" of goods from the 1200s to the 1970s showed that there never has been a "mountain range" of inflation---up and down---but rather a stair step associated with major social/economic reorganizations: 1) the commercial revolution of the 1400s; 2) capitalism and the industrial revolution of the 1700s/early 1800s; and 3) the technological/computer revolution of the 1980s-present.
2nd has anyone who thinks that prices are falling tried to buy food lately?
Deflation caused by low oil prices is something I’ll take all day long.
It’s not deflation here ... :-) ...
Gasoline Prices Rebounding Closer to $2 Average [Tulsa, OK]
http://www.freerepublic.com/focus/f-news/3255738/posts
Obama borrowed seven trillion dollars, printed another three trillion and proclaimed himself an economic genius.
Oil is going back up ...
Oil rallies for third day after OPEC sees greater crude demand
http://www.freerepublic.com/focus/f-news/3255755/posts
bfl
Deflation is great for anyone with savings. It’s disastrous for government, which actively promotes inflation as a way of making the elderly poor and dependent on government.
Actually, the most accurate is the globe is under MASSIVE NO COLLATERAL: DEBT INFLATION.
You heard it here first! DEBT INFLATION.
Because there is NO ‘REAL’ COORESPONDING COLLATERAL. As in “real”-estate. This is the reason for the current Greece, and all the rest of the COUNTERFEIT “Restructuring” scam.
NO DIFFERENT FROM THE 08 MBS (fake/counterfeit) collapse.
No restructuring EVER took place in the U.S. instead it has GROWN WORSE..AND IT HAS been off-loaded onto the backs of others (NON-exempt citizens as COLLATERAL) in the largest human TRAFFICKING attempt in history, Extortion-Care. Extortion-Care MBS mortgages, backstop for debt.
Trafficking
Because its all about buying and selling human flesh as Body Mortgages by “insurance”-”banking”. To be bought, sold, and traded, like animals, as the next Mortgage Backed Securities. Trafficking
Which is why Extortion-Care was bribed through, the ponzi MBS backstop. Trafficking in the selling of Human Body Mortgages by so called “insurance-banking.”
The new MBS, leveraged to any amounts, to any forced deductibles, any forced premiums, any forced coercion taxation, any forced account seizures. The selling and trafficking in Human Body Mortgages.
So your now hearing the cries, to GROW, the global economy out of DEBT INFLATION,...
while Americans, in the form of ‘real’(as in real-estate) have the backstop load on their necks in the form of BodyMortgages BEING BOUGHT AND SOLD(the word mortgage means “death”-”grip”, see your dictionary.)
This IS trafficking, people.
As far as I can tell from my wallet, except for lower prices at the gas pump, inflation is traveling full speed ahead.
One would think that lower fuel prices would cause lower prices in most other things your average American citizen would spend money on; I just ain’t seeing it.
Deflation is cured by massive wars that crank up production and kill thousands of younger men, thus reducing the labor surplus. As long as those dead do not include you or a loved one, you can make a handsome post-war profit. Millions have done that in the past.