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Thread: Inflation on the rise? Market says not so much

  1. #61
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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by Khayembii Communique View Post
    I have heard quite a few claims of near-future hyperinflation and economic collapse.

    Also, inflation isn't inherently bad.
    Yes, inflation is particularly good to the poor. It helps prevent them from eating too much.

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    Re: Inflation on the rise? Market says not so much

    One need only look at gas prices to see dollar devaluation.

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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by joko104 View Post
    Yes, inflation is particularly good to the poor. It helps prevent them from eating too much.
    Well, it isn't so clear cut, inflation also erodes the value of debt, if only interest rates were kept lower this could be a great thing to the poor who by and large seem to be forced into being debtors by the system we have.

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    Re: Inflation on the rise? Market says not so much

    Quote Originally Posted by Khayembii Communique View Post
    Some people aren't worth debating.
    Then put them on the ignore list.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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    Re: Inflation on the rise? Market says not so much

    You can't have it both ways, Imagep. You can't sit by and talk of the "stupidity" of putting money in a bank, as opposed to starting one's own business, or investing in stocks....and THEN point out the "poor" decisions that led to someone filing bankruptcy....likely a result of getting wiped out in stocks, or having a business fail.

    What's so wrong with simply putting money away into savings? That's why we have ****ing money in the first place. Because it DOESN'T spoil or go bad, or get eaten by pests. That's the entire god damn purpose of developing a currency, as opposed to dealing entirely in barter. Hanging onto 200K worth of corn, or oil, or some other asset that others readily value, is impractical....so, we invented an item to represent that 200K worth of wealth, which is valued equally by those you would trade with.

    But this system doesn't work very well when you have to RISK your money just to be able to RETAIN it, and I point to the continual streams of market bursts and slumps, going all the way back to the early 1900's, as my evidence of this.

    What is so ****ing wrong with just being able to sock away 10 grand, and 20 years later, having that 10 grand still be worth what it was when you socked it away?

    The ONLY answer you can adequately supply for what's wrong with this is, it dispels the ILLUSION of growth, an illusion that is necessary to maintain faith in the idea that wealth is both created, and that it can be created in infinite amounts. That's all this is about. Without inflation, it looks less and less like growth, and more and more like redistribution, be it by government model, or my market model.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

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