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| mp3 tupac shakur, kevin dillon, literature, all eyez on me, jack straw., california, local punk band, feature film action/adventure, battle dress uniform, bulletinboard, hip, jason london, musician jokes, naming, music magazine, slavery, gear, michael chapman, randy quaid, picture tupac, gabe jeffrey, by francesca lia block, slanderous, | What you said was true, at the same time you didn't tell the whole story. signs For instance, although many Americans have debt, many also have savings — signs particularly those that save for retirement (hopefully everyone). As I mentioned above, just because prices go up doesn't mean your salary will. If it does (and everyone else's does), our (as a country) global competitiveness will fall. That makes our exports drop and imports rise causing a trade imbalance. High growth rates can't be sustained. Then the cycle turns around. Worse is how signs it affects the lower class. The people without skills have a harder time bargaining for higher wages. |
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| | next new california ] 139. Re: Ivory towers by 0tim0 at Fri 2 Sep 10:31pmscore of 1 california in reply to comment 138 Hmmm. Well, it seems california that you are saying that the effect of inflation is the same in both cases. It's just that the cause in the one case, rising wages, is good. So that cancels out the bad effects. Working backwards, that is the third issue. The second issue here is whether inflation is good or bad. As you said, anticipated inflation is not so bad (but only if it's small). And in fact, negative or no inflation has a dampening affect on the economy (why buy now if it'll be cheaper tomorrow?) Ideally, a small amount of consistant inflation is preferable. Upthread you presented a fairly rosey view of unanticipated inflation. |
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