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Quote post by jrd_x on 6/19/2012 1:56:00 PM:

But the cost of necessities will go up no matter what, even at zero inflation, energy, real estate, and health care costs almost always go up.

He is better off in an improving economy even with a little inflation.

I'm ignoring your comments because you don't know me and have no idea what my circle of friends is like. You're resorting to personal attacks because you're in over your head.
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That's funny! This, coming from the guy who can not answer a question without (A) Facts - only subjective rhetoric. (B) a question. (C) His own attack.

If jrd_x (were color blind) thought trees were yellow & had 35 people backing him up, 2880 people telling him trees are green would be wrong, because it's only about what HE sees....NOT truth based on fact.

MOKE

6/19/2012 2:32 PM

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Posted by MikeT23 on 6/19/2012 1:29:00 PM (view original):
Are you really saying that a man who has $100 a week, and can just barely survive, is better off if the things that keep him alive are suddenly $105?

I mean, really, as in no ****?

Did you miss this when you claimed the guy spending 100% of his $100 per week is better off if inflation makes that $100 worth about $95?

6/19/2012 2:35 PM

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6/19/2012 2:44 PM

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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.

6/19/2012 2:45 PM

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Can you click this link and tell me what gas prices have been doing?

http://www.eia.gov/petroleum/gasdiesel/

Isn't it just complete fallacy that everything will go up?

6/19/2012 2:50 PM

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6/19/2012 2:54 PM

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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.

6/19/2012 3:03 PM

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6/19/2012 3:05 PM

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If one continues to spew bullshit, does one begin to believe the bullshit they spew?

6/19/2012 3:14 PM

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Posted by MikeT23 on 6/19/2012 2:50:00 PM (view original):
Can you click this link and tell me what gas prices have been doing?

http://www.eia.gov/petroleum/gasdiesel/

Isn't it just complete fallacy that everything will go up?

So you think energy, food, and healthcare costs are going to go down?

6/19/2012 3:21 PM

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Did you just answer two questions with a question?

Do I need to revert back to redlining such nonsense?

Can you tell me what fuel prices have been doing based on that link? Yes or no?

6/19/2012 3:24 PM

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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.

6/19/2012 3:24 PM