There has to be some effect of the inflation over most places..
No inflation
- Thread starter 931
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Yes, buying food with money that was under mattress....
"Broad based" price inflation does not necessarily mean that everything increases in price. There are often some exceptions.
Inflation is bad enough but we (U.S.) most certainly do no want deflation.
Japan GDP 1995 $5.449 trillion vs 2019 (latest World Bank figure) $5.082 trillion.
2020 likely that low or lower due to Covid.
Meanwhile our numbers, 1995 $7.64 trillion vs 2019 $21.43 trillion
As a groooowing economy should look like. Although not a strong as China and other Asian Tigers not named Japan, though China started from a low base.
Japan GDP 1995 $5.449 trillion vs 2019 (latest World Bank figure) $5.082 trillion.
2020 likely that low or lower due to Covid.
Meanwhile our numbers, 1995 $7.64 trillion vs 2019 $21.43 trillion
As a groooowing economy should look like. Although not a strong as China and other Asian Tigers not named Japan, though China started from a low base.
You certainly don't want that? So Japan's GDP did not increase in 25 years and the US's tripled. And yet, the quality of life in Japan is far superior to the one in the US. Infrastructure better. Education better. Food quality way better. Quality of housing better. Transportation better. Healthcare better. Safety better.
Please tell us again, how is pursuing eternal growth necessarily better? In my book reaching an equilibrium is the holy grail, we humans may never find it but Japan comes pretty close. With the speed of development in ai and robotics they may not even need immigrants to fill the void left due to the aging population. Live for 1 year in Japan and then come back and tell us which way of life is more worth living.
I am not making a case that living in Japan is the best among other countries (which may or may not be true for some others) , I am making a case that this constant push by pure capitalism to always make everything bigger is destructive and never ends well either. It has so far just survived socialism longer to not rear its ugliest head yet. Japanese investors have discovered (perhaps caused by nationalism and inefficiencies in financial markets, taxation, and regulation) that not always seeking maximum return is not necessarily destructive to business.
Please tell us again, how is pursuing eternal growth necessarily better? In my book reaching an equilibrium is the holy grail, we humans may never find it but Japan comes pretty close. With the speed of development in ai and robotics they may not even need immigrants to fill the void left due to the aging population. Live for 1 year in Japan and then come back and tell us which way of life is more worth living.
I am not making a case that living in Japan is the best among other countries (which may or may not be true for some others) , I am making a case that this constant push by pure capitalism to always make everything bigger is destructive and never ends well either. It has so far just survived socialism longer to not rear its ugliest head yet. Japanese investors have discovered (perhaps caused by nationalism and inefficiencies in financial markets, taxation, and regulation) that not always seeking maximum return is not necessarily destructive to business.
Inflation is bad enough but we (U.S.) most certainly do no want deflation.
Japan GDP 1995 $5.449 trillion vs 2019 (latest World Bank figure) $5.082 trillion.
2020 likely that low or lower due to Covid.
Meanwhile our numbers, 1995 $7.64 trillion vs 2019 $21.43 trillion
As a groooowing economy should look like. Although not a strong as China and other Asian Tigers not named Japan, though China started from a low base.
We should remind ourselves that although less inflation is deflation relative to previous inflation it is still, usually, positive inflation. What economies that fuel themselves with credit, such as the U.S. economy, can not tolerate is significant negative inflation caused by a broad based drop in prices.
I've been sometimes guilty of the same. We could probably avoid confusion by saying "deflation" when we are talking about negative inflation and otherwise just refer to a rise or decline in the inflation rate.LOL can't use the word: deflation.
Been reading too many of sig's posts.