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| funny videos, real audio rap, deathrow, makaveli script, drama, motherfucker, personal narrative non fiction, poems, rap music, riad galayini, branding, celebrities, by beth lapides, tom jarmusch, tyler sedustine, tupac unreleased mp3, | (But who uses cash? The mafia, terrorists, drug dealers, ira glass and Republicans but for quite different reasons. Most others use credit cards or checks that occasionally get floated. Inflation distorts relative prices. Is the inflation ira glass general or specific? This also leads to menu-costs- the reprinting of prices. But societies have addressed this problem. Lastly, inflation creates some uncertainty in decision-making — investments and retirements. Who benefits from unanticipated inflation (winners)? Borrowers- anyone who owes money, which is the vast majority of Americans, benefits because they are paying off loans in devalued dollars. |
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| [ ...reply just to this | comment on the story... | next new ] 98. Re: Ivory towers by Megabazus at Thu 1 Sep 12:17amscore tupac unreleased mp3 of 2.5 astute in reply to comment 12 The idea that inflation is always bad is a misconception. Inflation is bad for the bond holding classes, but for most everyone else some inflation is a good thing. It reduces debts, it even helps most corporations. Hyperinflation is obviously bad, tupac unreleased mp3 but a little inflation is pretty good a lot tupac unreleased mp3 sometimes. Obviously, inflation that is anticipated doesn't affect much, but unanticipated inflation affects certain groups in different ways. Who is penalized by unanticipated inflation (Losers)? Lenders- dollars paid by debtors are worth less after inflation than when they were lent. Investors- pay taxes on returns that may only reflect inflation, but they also pay a privileged rate (the capital gains tax rate is 20 percent; not the 33% top income bracket) Holders of cash (those living on fixed incomes)- inflation erodes the value of a dollar over time. |
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