Inflation Watch: Thanksgiving Dinner Edition
- Thread starter Tsing Tao
- Start date
Not sure how germane the comment "inflation is low" is, because I told the frog in the pot the stove was on low 12 hrs ago....
"Experts on TV: Oh - but the Pepe LePew Index is only .05 adjusted for the orthoginal index displacement of LePew."
Hey. The bills you pay are higher than a year or 2 ago, you dumb fuck.
"Experts on TV: Oh - but the Pepe LePew Index is only .05 adjusted for the orthoginal index displacement of LePew."
Hey. The bills you pay are higher than a year or 2 ago, you dumb fuck.
Except for recessions, inflation has been a fact of life for our entire history. And for most of that time wages and productivity have been growing as well. That wages for many are not now growing does not necessarily mean we now have an inflation problem, it could mean we have an income inequality problem.Quote from WaveStrider:
Not sure how germane the comment "inflation is low" is, because I told the frog in the pot the stove was on low 12 hrs ago....
"Experts on TV: Oh - but the Pepe LePew Index is only .05 adjusted for the orthoginal index displacement of LePew."
Hey. The bills you pay are higher than a year or 2 ago, you dumb fuck.
I am all for disagreement (it's why I am here and always happy participate in discussions; at the very least, I learn smth new in the process). However, if I were to make a bold statement like "BLS numbers are horsesh1t", I would sure want to be able to provide some factual proof. As to "down ouncing", yes, supposedly it is captured by the BLS, although I have not studied the data closely enough to confirm or deny.
Firstly, we've already spoken about what I support and don't. Secondly, when will the whole world be ablaze and destitute? If it will be, we will know I have been wrong. When will there be sufficient factual evidence for you to admit same? What evidence would you accept as sufficient to falsify your assertion?
And, as to the Brits, it's not entirely clear to me that the draw on savings is a way to cope with the higher cost of living. Indeed, inflation here in the UK was running a lot higher in 2011 and savings were rising. In fact, there's all sorts of evidence (surveys, etc) that people stop saving when credit becomes available, which is what happened recently.
Speak for yourself, sire... I collect receipts (mostly electronic) and track expenditures, for sure.
You're wrong. The entirely normal process (call it the workings of the Laissez Fairey) of the strong tending to win, and passing advantage on to their offspring, who go on to build on it still more, creates, maintains, and expands income inequality. Government is the only entity with enough power to peacefully even the playing field. With ineffectual government, easily observed around the world today, you get the most extreme disparities between haves and have-nots.
Good to see you admit that government spending can cause inflation, though. That's what we want, during deflation.
Fine, you go on drinking the koolaid on the BLS. It is certainly your right to do so. It's not like they were ever called out for false data, or experienced massive adjustments, erroneous reporting, etc. Have the last word on it, Martin.
My assertion that the common man is experiencing inflation due to the flooding of the world with liquidity? When will I accept that as false? I suppose when it stops happening. *shrug*
Stopping saving and drawing on savings is quite a different thing. But go ahead and be right about that, too. We should just have all the financial news on the planet cleared by you before it makes print, just to clear up confusion for the rest of us.
So how much did you spend on dinner on November 2nd of this year?
the stronger the socialism and taxation the less fluidity and income inequality. Just look at the communist countries and the big socialist countries throughout history. big govt equal big protected cronies. Why do you think the super rich support the democrat party. They want worker drones and no competition.
and don't give me that bullshit gini co efficient. I do not want everyone making the same. That is perhaps the opposite of what we want.
and don't give me that bullshit gini co efficient. I do not want everyone making the same. That is perhaps the opposite of what we want.
Quote from Ricter:
You're wrong. The entirely normal process (call it the workings of the Laissez Fairey) of the strong tending to win, and passing advantage on to their offspring, who go on to build on it still more, creates, maintains, and expands income inequality. Government is the only entity with enough power to peacefully even the playing field. With ineffectual government, easily observed around the world today, you get the most extreme disparities between haves and have-nots.
Good to see you admit that government spending can cause inflation, though. That's what we want, during deflation.