Thread: Inflation
View Single Post
  #10 (permalink)  
Old 01-23-2006, 12:46 PM
Printer2 Printer2 is offline
Analyst
 
Join Date: Aug 2004
Posts: 2,322
Printer2 is on a distinguished road
Credits: 13,483
Default f

I disagree javablack. When it comes to certain economic and socioeconomic topics we can argue because usually the issues entail ideological beliefs. But, the concept of wether 3% or 2.4% inflation is is better or worse, is not suited to the average joe. They have thousands of economists working around the clock calculating and crunching these numbers, using statistics from every corner to determine what the best decision is. We dont have the capacity to argue this. We can only argue as to whether more or less inflation is good or bad, and even that is ifee in my book unless the indvidual has a solid understanding of macroeconomic theory.

It would be like arguing whether we should send 100, or 150, or 170 thousand troops into Iraq when invading. Only the generals and such people can determine such numbers, while we can only argue such abstract ideas like more or less troops.
Reply With Quote