FED and Inflation

Quote from piezoe:

It is actually a very crappy post. The word "inflation" can mean a lot of things, the air pressure in your bike tires, for example, but when it is used in an unqualified way in discussions of the economy it means the general level of prices and costs is rising, not money printing. And no, they did not intentionally give a false definition of inflation in economic text books "...so no one really questions money printing."
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what utter nonsense. clearly you lack a good economics/history education.

And for you to divert linguistics into other things - while on the debate in the context of a trading forum where there is a crystal black/white debate on change prices or money supply - just shows how twisted and dangerous your mind is. Bike tires? If this was an english class maybe, but a financial discussion? lol

here are some decent references for you to educate yourself on:
http://economics.about.com/b/2008/0...ion-of-inflation-change-in-the-late-1980s.htm

http://www.swifteconomics.com/2011/02/25/the-meaning-of-inflation-changes/
 
Quote from piezoe:

I love your posts, oldtime. I was trying to decide if the Fed- rain connection was sarcasm or metaphor. I decided to go with metaphor.
You're keeping me on my toes, young man. (Metaphorically speaking, of course. :D)
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yes, well I try

lack of rain means higher food prices

is that inflation?
 
Quote from oldtime:

yes, well I try

lack of rain means higher food prices

is that inflation?
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no you joker. that's a price shock. we're all capable of understanding supply and demand, surely?

the observeation in question is an increase in general prices (a basket of goods) over time - not just a seasonal weather et al.

is that clear?
 
Quote from bluematrix:

no you joker. that's a price shock. we're all capable of understanding supply and demand, surely?

the observeation in question is an increase in general prices (a basket of goods) over time - not just a seasonal weather et al.

is that clear?
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ok, well people smarter than me (like the federal reserve) say there is no inflation in sight on the horizon, or at least it is below target, so just don't worry about it, shut your mouth, and go worry about something else.

and stop confusing God and rain with inflation
 
Quote from oldtime:

ok, well people smarter than me (like the federal reserve) say there is no inflation in sight on the horizon
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Because fed is sitting on the pile of paper and looking on the horizon and he does not see the pile under his butt.
 
Quote from vicirek:

Because fed is sitting on the pile of paper and looking on the horizon and he does not see the pile under his butt.
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not sure I'm smart enough to disagree, but I like the way you say it.

Carry on
 
Quote from oldtime:

ok, well people smarter than me (like the federal reserve) say there is no inflation in sight on the horizon
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Thank you for that.. also Nancy Pelosi said there is no spending problem so therefore there is no need to raise taxes. Everybody should be really happy. I know I am.
 
The former IRS commissioner Douglas Shulman said there was no targeting going on last year and former IRS commissioner after him said it was only poor handling by low level employees. The White House just heard about it on the news a few weeks ago so I feel good that the government gives honest answers too. If they are honest about this how could the prices of food and gas raising ever cause inflation.

Quote from Eight:

Thank you for that.. also Nancy Pelosi said there is no spending problem so therefore there is no need to raise taxes. Everybody should be really happy. I know I am.
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