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(indigestion)
The connection between inflation targeting and the cyclical "plucking" of wealth from the middle class seems not well established to me.
(indigestion)
Last edited by Winehole23; 10-17-2010 at 12:06 AM.
please. Weren't you the one who made the lame comments about how we would need to replace the Fed with something so the issue was moot? You dont even understand the fuggin issue...
The Fed is not the top problem facing the country, nor is inflation.
Changing the Fed, also captured by Wall St, is a probable as rescuing the country from VRWC/Wall St.
I understand the issue very well.
You stated something that was, in a fair sense, inaccurate, although essentially correct.
Perhaps a C- might have been more appropriate.
1) What else can cause inflation besides increases in the money supply?
2) Does this debasement of currency mean that it takes longer for the average person to earn enough money in an average job to buy a loaf of bread? (simple yes or no will do)
Haven't gotten any response to this question either.
In fairness, your bit on on inflation really sucked.
Neither do you. It's like you skimmed the material 15 minutes ago then made yourself the teacher of it.
Your spirit of sharing is commendable, but you just barely learned the lesson yourself, Parkay. A little bit of woodshedding might have gone a long way.
Thematically related Bloomberg piece: http://www.bloomberg.com/news/2010-1...line-baum.html
The Fed's concerned about a .5% undershoot. Does it really target the upside so well? Just curious, my ignorance here is close to total.
Parker's Paul Revere impersonation sucks.
Elitism is a .
So we're going to have (hyper) inflation because the Fed wants it and causes it with QE2, in the absence of severely depressed consumer demand and screwed-up housing sector?
If we wanted inflation in the imminent cold season, the oilcos could oblige the Fed's "healthy" inflation target and raise the price of transport fuel and heating oil 20% - 50%.
A lesson that the deregulation-loving, "nine-most-terrifying-words" true-believers refuse to acknowledge is that unregulated capitalism is a repeated/repeatable disaster for the lower 98%.
inflation is a flat tax on everyone who holds on to us currency, so it's probably better than actual taxes which ultra rich people / giant corporations loophole their way out of
We might be on ignore. Parker's been curiously reluctant to engage of late.
(Zero'd out)
(dead fish eye)
My guess:
He is probably also posting somewhere else.
We have seen behind his reasonable facade into the depths of his real thoughts on things. His "I'm just asking questions" facade/cover has been blown.
Since we no longer view him as reasonable, and have started treating his conspiracy claims with the level of dubiousness they deserve, he is probably a bit frustrated.
Or, he could just be busy. Hopefully he is ok.
Neither...my brother gets married next weekend. Lots to do in the meantime.
You have yet to contribute to the debate. Just keep that in mind. So before you start claiming "seeing behind the facade" you might want to wander out of the dark first..
Fair enough. Wedding it is.
All the best to your brother and his bride.
When the hangover wears off, let us know.
1) What else can cause inflation besides increases in the money supply?
2) Does this debasement of currency mean that it takes longer for the average person to earn enough money in an average job to buy a loaf of bread? (simple yes or no will do)
My economics and finance professors would disagree, based on the grades they have given me.
Show your work. Besides, the fact that you can regurgitate the stuff they hand you doesnt say much...let's see you apply what you know with some success.
Thus far, I havent seen anything but peremptory arrogance on your part.
Lets take score:
1) no clue on the Federal Reserve's operation
2) No clue on History
3) No opinion on any matter at issue
4) A continuing attempt to attack the speaker, rather than the statement.
Sounds like a run of the mill repug tactic...you might want to check you're approach. I give it the same grade I would give most of the repugs around here....
1) Inflation=rise in prices, which can happen from currency increase as well as from increased demand.
2) Not necessarily. But keep in mind, many citizens are on a fixed income that does not come from earnings.
Now, for mine (and back on point of the Fed, rather than your economics lectures)...
1) If inflation is inflicted on every US taxpayer by unelected bankers, does that equate to taxation without representation?
The inflation rates have been consistently been less than 5% since Bush 1 ie 20+ years.
The euro and yen going to , OPEC price fixing and the US trade deficit are as impactful if not moreso.
His assertion that the fed is not beholden to anyone is just wrong.
Its not elitism that I have an issue with. There is a very significant portion of the population that has no business in policy making. My issue is the intent and collusion within the elites. Its been Andrew Jackson style politics for at least the last 60 years and I would argue ever since Teddy Roosevelt left office.
What we are seeing is beyond inflation. Its hyperinflation.
And as for the Fed, they must be beholden to some extent if Paulsen had to resort to fear mongering as well:
So increased demand is also "taxation without representation"?1) What else can cause inflation besides increases in the money supply?
Who should we complain to when that happens?
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