ok, will try again to see if this fits the rules. here is a political cartoon. i think it is funny. but don't know if it is true. what do you think? 6 more weeks of winter, but no end in sight for (inflation) i suspect the 6 weeks is true. but maybe the same or more for (inflation) what do you think? now there is now 6 lines to this, so that should meet the rules. right? when i typed this it has 6 lines. but when i post it it drops to circa 4 that i can't help. sorry.
Anyone who has taken out credit is very happy right now. Savers are absolutely spewing. That tends to be the trend, savers almost always get screwed over for their responsibility. Savers are an easy target because they make the colossal mistake of saving in a government denominated currency that is constantly devalued. The lesson: don't save in dollars. Save in ITFs, commodities, etc.
You must first define inflation. To me inflation is inflating the money supply by government which causes the money to become less valuable. It is permanent in a society with a debtor government (virtually every society.) If you include rising prices then that part is temporary because it follows the law of supply and demand. The only way to reverse true inflation is to deflate the money supply, something a debtor government will not do. Prices will reach equilibrium all by themselves as the causes of supply/demand inequalities repair themselves. In other words, government will not deflate the money supply because it increases its debt relative to the value of money. It can't fix supply/demand inequalities so it needs to get out of the way of trying fix an economy. Government can contribute to a bad economy but it is powerless to fix one.
Government, ours - theirs - whomever, almost without exception, has very little to do with it. Every dollar, yen, ruble, dinero ... on earth is created, as debt, from nothing by a Central Bank, that governments around the world have no real control of. When the Central Banks create money, from nothing, as debt, at interest, they don't create the interest. So, more and more money MUST be created just to pay the interest, to say nothing of growing economies.
quote: You must first define inflation. To me inflation is inflating the money supply by government which causes the money to become less valuable. It is permanent in a society with a debtor government (virtually every society.) If you include rising prices then that part is temporary because it follows the law of supply and demand. i agree with most of this. but not all. quote: If you include rising prices then that part is temporary because it follows the law of supply and demand. this i don't agree with. why? in the 70's the cry went out that the world was running out of oil. many countries and companies just jacked up the price on oil based on a lie that both knew as a lie. there are many ways prices on goods and services can rise without (supply & demand) being in any way connected to it. and you will see the inflaction we are having now, with lib dems incharge, --it will (not) be temporary!!! but the other part of your statement imo is spot on.
