Obama: Worst President Ever? Topic

jrd_x
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Posted by tecwrg on 6/19/2012 9:19:00 PM (view original):
Posted by jrd_x on 6/19/2012 3:24:00 PM (view original):
Posted by tecwrg on 6/19/2012 3:03:00 PM (view original):
Posted by jrd_x on 6/19/2012 2:45:00 PM (view original):
If inflation remains at zero and he still can't afford to eat because the price of grain went up due to global population growth, and he wouldn't be see while he cooked the food anyway, because energy prices went up due to increased global demand, and he couldn't afford to get to the store because gas prices went up due to that same demand, he's just as screwed. 

The difference is that if the economy grows even with 5% inflation, he has a chance to increase his income to keep up with rising costs.  If the economy doesn't grow and inflation stays at zero, he has no chance to keep up with the rising costs.  And the costs ARE going to rise, inflation or no inflation.
Rising costs are inflation, dumbass.

You can't say costs are rising and inflation is staying at zero.
Um no. Inflation is the reduction in the value of a dollar. Price increases/decreases due to supply and demand of a product are not inflation/deflation.
Wow.  You really should consider stopping posting.

But what the heck: what causes the reduction in the value of a dollar?
I should clarify. Commodity prices can and do rise absent inflation. So oil/gas/grain prices could go up (or down) right now and the inflation rate would still sit at 2%ish.

Going back to the guy making $100 a week, his food costs could go up (and probably will) even if inflation stays flat.
6/19/2012 9:55 PM
tecwrg
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Do consumers directly purchase oli/gas/grain commodities?  Or do they purchase the end-products that are derived from these commodities?

If the prices of the commodities rise, do not these price increases eventually get passed on to the consumer via the derived end-products?

If a loaf of bread costs $4.00 today, and $4.25 next week because of grain commodity price increases, does not your dollar buy you less bread next week than it does today?

Is that not the de-facto definition of inflation?

Why do you continue to post?
6/19/2012 10:08 PM (edited)
OSU_Buckeye
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He is the offspring of BIGKAHUNA.  Never a point, just B.S.
6/19/2012 10:22 PM
jrd_x
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Posted by tecwrg on 6/19/2012 10:08:00 PM (view original):
Do consumers directly purchase oli/gas/grain commodities?  Or do they purchase the end-products that are derived from these commodities?

If the prices of the commodities rise, do not these price increases eventually get passed on to the consumer via the derived end-products?

If a loaf of bread costs $4.00 today, and $4.25 next week because of grain commodity price increases, does not your dollar buy you less bread next week than it does today?

Is that not the de-facto definition of inflation?

Why do you continue to post?
Is your dollar worth less or is the bread worth more? If bread prices go down by $0.25 because of a grain surplus are we experiencing deflation?
6/19/2012 10:26 PM
tecwrg
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If prices go up, does not your dollar now have less buying power?

Is that not the de-facto definition of inflation?

Will you answer these questions?
6/19/2012 11:11 PM
jrd_x
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If the price of bread goes up but the price of everything else stays the same, bread is more expensive. Your dollar isn't worth less.
6/19/2012 11:37 PM
OSU_Buckeye
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Posted by jrd_x on 6/19/2012 11:37:00 PM (view original):
If the price of bread goes up but the price of everything else stays the same, bread is more expensive. Your dollar isn't worth less.
jrd_x defined: Mentally Retarded.
6/20/2012 1:52 AM
tecwrg
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Posted by jrd_x on 6/19/2012 11:37:00 PM (view original):
If the price of bread goes up but the price of everything else stays the same, bread is more expensive. Your dollar isn't worth less.

Let's say I buy a loaf of bread, a gallon of milk, and a jar of peanut butter every week because that's all I can afford to eat.

If the price of bread goes up tomorrow, will I still be paying the same amount of money for my loaf of bread, gallon of milk, and jar of peanut butter next week?

6/20/2012 6:12 AM
tecwrg
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jrd seems to be attempting to decouple rising prices of everyday goods and services from inflation. i.e. prices can rise but inflation rates stay unchanged.

Is there a magic button that needs to be pushed, or some secret code word that needs to be spoken, before rising prices become inflation?

What are the rest of us blithering idiots missing that only jrd seems to understand?
6/20/2012 7:24 AM
MikeT23
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So, just so I understand, the rising cost of goods/services is not inflation to jrdx?
6/20/2012 8:52 AM
crackatoeha
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From my economic's textbook......

In economics, inflation is a rise in the general level of prices of goods and services in an economy over a period of time.[1] When the general price level rises, each unit of currency buys fewer goods and services.

He is a blithering frickin liberal, juat leave him alone.  It is not his fault though, he is geneticly pre-disposed and his brain just cannot adjust like a normal persons.

crackatoeha
MBA, PhD, and anything else that makes me look smart
6/20/2012 10:03 AM
jrd_x
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Even the ******* national review, ultra conservative birther central, thinks this is a good idea:

http://www.nationalreview.com/blogs/print/300951
6/20/2012 10:23 AM
MikeT23
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Do I see "blog" in there?
6/20/2012 10:26 AM
MikeT23
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FWIW, I'm sure I see the problem.  We've tried to simplify the problem with inflation for the poor/less wealthy.    First, he has no idea what sort of suffering is thrust upon the paycheck to paycheck people when inflation hits.   It's just not something he "gets".    Second, he can't fathom how milk, eggs and rice can go up in price while fuel and Mercedes go down.    But it can.
6/20/2012 10:29 AM
jrd_x
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Inflation is 2% right now. Food/gas prices can go up more than 2% and inflation is still 2%. I'm not arguing that price increases are good for poor people, but that they are likely to face price increases regardless of the core inflation rate. If, as the national review argues, looser monetary policy (higher inflation target) is necessary to grow the economy, then we should do it, giving poor people a realistic shot at growing their incomes.
6/20/2012 10:41 AM
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