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| neal brennan, salon, research, interviews, abusive, jews, journals, branding, kyrgyz, laz alonso, parody, morgaine swann, jamie foxx, metal gear: ghost babel, graduate, ubersitenews humor jokes music movies sports, | High growth rates can't be sustained. Then the cycle turns around. Worse is how it affects the lower administration class. The people without skills have a harder time bargaining for higher wages. They don't have a mortgage to try to inflate out of — they rent. They don't administration even have much debt — they can't get credit. Their rent goes up, their energy bills go up and their food costs go up. In other words, it really sucks. They might even drop below administration the poverty line. The first point was whether a low unemployment rate is bad. You rightly pointed out that the Fed tries to keep the unemployment rate above a zero. |
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| And in fact, negative or interviews 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 interviews of unanticipated inflation. What interviews you said was true, at the same time you didn't tell the whole story. For instance, although many Americans have debt, many also have savings — 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. |
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