To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...
2 posted on
11/21/2014 1:31:13 AM PST by
TigerLikesRooster
(The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
To: TigerLikesRooster
He is right of course. Deflation is a very debilitating disease for an economy. The notion that prices will decline if one waits to make a purchase has the effect of slamming the brakes on consumption, reducing employment, and causing still more deflation. It is a negative spiral that monetary authorities fear as much as they fear hyperinflation. It’s why central banks usually target low, but positive, rates of inflation, like the ECB’s 2%
3 posted on
11/21/2014 3:07:00 AM PST by
babble-on
To: TigerLikesRooster
In other words “We need to steal more money from people who work for a living and save for retirement.”
Screw ‘em. I have some money saved and I’m watching its value drop. I’d rather have deflation.
6 posted on
11/21/2014 5:13:54 AM PST by
Little Ray
(How did I end up in this hand-basket, and why is it getting so hot?)
To: TigerLikesRooster
Inflation is low unless you need to buy food, insurance, fuel, pay taxes or tuition. I think entry level pickup trucks are made out of exotic metals and start out at 30K. But who am I to say they get 22 mpg now. What savings!
Then everything else is hunky dory cheap. If you need to buy a big screen TV your going to be ok and get a great deal, inflation is low then.
7 posted on
11/21/2014 5:19:59 AM PST by
central_va
(I won't be reconstructed and I do not give a damn.)
To: TigerLikesRooster
What does Draghi think years of QE by the Fed were trying to do?
13 posted on
11/21/2014 6:24:16 AM PST by
Pelham
(Obama, the GOPe's partner in murder)
To: TigerLikesRooster
#FAIL
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