Come on, inflation is necessary for letting debtors off the hook, promoting consumers to buy stuff now instead of later, and to be able to raise wages every year, incent investing etc.
Money Supply
- Thread starter ShoeshineBoy
- Start date
In the long term it's productivity growth which ensures growing economy imo.
You don't see inflation 
? Inflation is in the Stock market hahaha !
Thanks this has inspired me today's quote:
A new inspirational quote everyday. For Friday December 26th:
"THE MISSISSIPPI SCHEME
Some in clandestine companies combine;
Erect new stocks to trade beyond the line;
With air and empty names beguile the town,
And raise new credits first, then cry 'em down;
Divide the empty nothing into shares,
And set the crowd together by the ears."
-- Memoirs of Extraordinary Popular Delusions - Charles MacKay
ftp://sunsite.unc.edu/pub/docs/books/gutenberg/etext96/ppdel10.txt
? Inflation is in the Stock market hahaha !Thanks this has inspired me today's quote:
A new inspirational quote everyday. For Friday December 26th:
"THE MISSISSIPPI SCHEME
Some in clandestine companies combine;
Erect new stocks to trade beyond the line;
With air and empty names beguile the town,
And raise new credits first, then cry 'em down;
Divide the empty nothing into shares,
And set the crowd together by the ears."
-- Memoirs of Extraordinary Popular Delusions - Charles MacKay
ftp://sunsite.unc.edu/pub/docs/books/gutenberg/etext96/ppdel10.txt
Quote from harrytrader:
You don't see inflation
Thanks this has inspired me today's quote:
A new inspirational quote everyday. For Friday December 26th:
"THE MISSISSIPPI SCHEME
Some in clandestine companies combine;
Erect new stocks to trade beyond the line;
With air and empty names beguile the town,
And raise new credits first, then cry 'em down;
Divide the empty nothing into shares,
And set the crowd together by the ears."
-- Memoirs of Extraordinary Popular Delusions - Charles MacKay
ftp://sunsite.unc.edu/pub/docs/books/gutenberg/etext96/ppdel10.txt
Of course they are people today in Congress that raises alarm but they are shut down as the King shut them down at that time:
"The Parliament saw at once the impolicy and danger of such a
system, and made repeated remonstrances to the Regent. The latter
refused to entertain their petitions, when the Parliament, by a bold,
and very unusual stretch of authority, commanded that no money should
be received in payment but that of the old standard. The Regent
summoned a lit de justice, and annulled the decree. The Parliament
resisted, and issued another. Again the Regent exercised his
privilege, and annulled it, till the Parliament, stung to fiercer
opposition, passed another decree, dated August 12th, 1718, by which
they forbade the bank of Law to have any concern, either direct or
indirect, in the administration of the revenue; and prohibited all
foreigners, under heavy penalties, from interfering, either in their
own names, or in that of others, in the management of the finances of
the state. The Parliament considered Law to be the author of all the
evil, and some of the counsellors, in the virulence of their enmity,
proposed that he should be brought to trial, and, if found guilty, be
hung at the gates of the Palais de Justice.
Law, in great alarm, fled to the Palais Royal, and threw himself
on the protection of the Regent, praying that measures might be taken
to reduce the Parliament to obedience. The Regent had nothing so much
at heart, both on that account and because of the disputes that had
arisen relative to the legitimation of the Duke of Maine and the Count
of Thoulouse, the sons of the late King. The Parliament was ultimately
overawed by the arrest of their president and two of the counsellors,
who were sent to distant prisons."
I should have been more clear: I meant "real inflation", that is inflation that exceeds productivity growth. Real inflation is what has the potential to put the brakes on the economy...
Agree
Why would someone who believes in a gold standard want inflation? Are you saying he wants our non-gold-standard currency to melt down so that then we must have a gold standard?
fantastic : people believe in gov "stats"
"Santa Claus rally and more new highs!
Dec 24 2003 (from today's Hotline)
Commerce Department data confirmed the incredible 8.2% 3Q GDP growth, providing the Christmas cheer to move NYSE indices to further highs. Consumer spending and sentiment both were announced and very positive, giving added confirmation to investor optimism. Year end often sees a market rally, as bonuses and dividends are invested, but after the strong ...[Subscribe to read more] "
"INCREDIBLE" to say the least. It's much easier for Gov today to use "stats" than in the old days during the Mississipi scheme
"The value of shares in the Louisiana, or Mississippi stock, had
fallen very rapidly, and few indeed were found to believe the tales
that had once been told of the immense wealth of that region. A last
effort was therefore tried to restore the public confidence in the
Mississippi project. For this purpose, a general conscription of all
the poor wretches in Paris was made by order of government. Upwards of
six thousand of the very refuse of the population were impressed, as
if in time of war, and were provided with clothes and tools to be
embarked for New Orleans, to work in the gold mines alleged to abound
there. They were paraded day after day through the streets with their
pikes and shovels, and then sent off in small detachments to the
out-ports to be shipped for America. Two-thirds of them never reached
their destination, but dispersed themselves over the country, sold
their tools for what they could get, and returned to their old course
of life. In less than three weeks afterwards, one-half of them were to
be found again in Paris. The manoeuvre, however, caused a trifling
advance in Mississippi stock. Many persons of superabundant
gullibility believed that operations had begun in earnest in the new
Golconda, and that gold and silver ingots would again be found in
France."
"Santa Claus rally and more new highs!
Dec 24 2003 (from today's Hotline)
Commerce Department data confirmed the incredible 8.2% 3Q GDP growth, providing the Christmas cheer to move NYSE indices to further highs. Consumer spending and sentiment both were announced and very positive, giving added confirmation to investor optimism. Year end often sees a market rally, as bonuses and dividends are invested, but after the strong ...[Subscribe to read more] "
"INCREDIBLE" to say the least. It's much easier for Gov today to use "stats" than in the old days during the Mississipi scheme
"The value of shares in the Louisiana, or Mississippi stock, had
fallen very rapidly, and few indeed were found to believe the tales
that had once been told of the immense wealth of that region. A last
effort was therefore tried to restore the public confidence in the
Mississippi project. For this purpose, a general conscription of all
the poor wretches in Paris was made by order of government. Upwards of
six thousand of the very refuse of the population were impressed, as
if in time of war, and were provided with clothes and tools to be
embarked for New Orleans, to work in the gold mines alleged to abound
there. They were paraded day after day through the streets with their
pikes and shovels, and then sent off in small detachments to the
out-ports to be shipped for America. Two-thirds of them never reached
their destination, but dispersed themselves over the country, sold
their tools for what they could get, and returned to their old course
of life. In less than three weeks afterwards, one-half of them were to
be found again in Paris. The manoeuvre, however, caused a trifling
advance in Mississippi stock. Many persons of superabundant
gullibility believed that operations had begun in earnest in the new
Golconda, and that gold and silver ingots would again be found in
France."
Quote from trade4succes:
productivity has gone up. gdp has gone up. inflation in check. But these cpi #s take quality enhancements into account. That's fair by my standards. You could drive a "cheaper" model and still have the same or better driving quality as with the upscale model from 10 years ago.
Oranges or gas or cinematickets don't change in quality. (Maybe the governement even takes into account that a new 2ghz computer is twice as valuable as last year's 1hz computer and therefore 2ghz should be twice as expensive in $$). These kinds of goods and services we do pay highly inflated prices for.
So possibly we aren't richer than 10 years ago. But we do drive bigger cars and play cooler videogames
ps. and not to forget: enjoy advanced healthcare!
