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Thread: Person of the year 2009- Ben Bernanke

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Ikari View Post
    He gets a helicopter? I'm willing to give him transportation to get here and there. But we'll use a catapult. Maybe a parachute....maybe.
    No, he doesnt. I thought you've heard of the name Helicopter Ben.

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by chevydriver1123 View Post
    No, he doesnt. I thought you've heard of the name Helicopter Ben.

    No I hadn't, but that's awesome!
    You know the time is right to take control, we gotta take offense against the status quo

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    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Goldenboy219 View Post
    I was not asking you to reference an article; anyone can do that.
    Then what exactly did you want from me?

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by phattonez View Post
    Then what exactly did you want from me?
    dialogue....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Person of the year 2009- Ben Bernanke

    Well....Obama won the Nobel so...it's not like you have to be qualified to get these awards....not these days.
    It was the Austrasians, that hewed on bravely through the thick of the fight, it was they who found and cut down the Saracen King.

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Goldenboy219 View Post
    dialogue....
    I don't talk for the sake of talking. Inflation, as you define it, has already started. Inflation, as I define it, has been in place for a long time, and the negative effects are finally settling in.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by phattonez View Post
    I don't talk for the sake of talking. Inflation, as you define it, has already started. Inflation, as I define it, has been in place for a long time, and the negative effects are finally settling in.
    So which is it? Does inflation lead to higher prices, or lower prices? If you say, "its not about prices!" then why does your definition even matter?
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Goldenboy219 View Post
    So which is it? Does inflation lead to higher prices, or lower prices? If you say, "its not about prices!" then why does your definition even matter?
    The only correct answer would be that it depends. It depends on how bad the inflation is and how technology and production is improving.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

  9. #29
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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by Goldenboy219 View Post
    So which is it? Does inflation lead to higher prices, or lower prices? If you say, "its not about prices!" then why does your definition even matter?
    I'll jump in and say that inflation does lead to higher prices as we saw before the recession with food prices a lot higher than they are now.
    (Which is good for me and my budget )

    The main problem is though that perpetual inflation can not last forever, some serious amount of equal deflation must happen eventually to balance the monetary supply, inflation must match the growth that is happening other wise it can lead to false growth and speculation.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

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    Re: Person of the year 2009- Ben Bernanke

    Quote Originally Posted by apdst View Post
    Can you prove it? The economy is piss poor condition and isn't getting any better.
    It's not? The stock market has been growing since March. The number of jobs lost has decreased every month since May, and will probably actually start growing this month (or maybe even last month, once the adjusted numbers come in).

    I think this is a very bad time to be a bear on the US economy. We endured a major crisis last fall, and all things considered I think we recovered reasonably well.
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    I can't. This is important.
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