Printing Money

[Handle123]

Whether it is inflation, deflation and none, have to learn to adapt one's own monetary policy.
Have to always be learning new way to rob or new markets or new timeframes to trade, if one day government adds $5 buck fee for day traders, have to adapt.

Times have changed from 1950s, mothers overall, stayed at home and now many have to work and even take second jobs, times have changed for the worst but not cause of government but due to so easy to have credit cards. USA has taken on so much more debt by individuals has caused their own inflation. And food is incredible cheap compared to 1950s and gasoline has risen. But what did increase food cost was ethanol which has been overall blunder, but corn rose a buck and helped push all grains up as well. Eventually, all will make lower/higher prices.. History always repeats.

 

[dozu888]

Whether it is inflation, deflation and none, have to learn to adapt one's own monetary policy.
Have to always be learning new way to rob or new markets or new timeframes to trade, if one day government adds $5 buck fee for day traders, have to adapt.

Times have changed from 1950s, mothers overall, stayed at home and now many have to work and even take second jobs, times have changed for the worst but not cause of government but due to so easy to have credit cards. USA has taken on so much more debt by individuals has caused their own inflation. And food is incredible cheap compared to 1950s and gasoline has risen. But what did increase food cost was ethanol which has been overall blunder, but corn rose a buck and helped push all grains up as well. Eventually, all will make lower/higher prices.. History always repeats.

yes I give you that... time is different.

https://www.google.com/imgres?imgur...ved=0ahUKEwiVr7TnkKTcAhUrTt8KHT3GByUQ9QEILDAA

the blood-sucking nature of capitalism.. the rich gets richer and the poor poorer... well not exactly poorer by absolute dollar figures inflation adjusted, but poorer indeed if they have to take up additional jobs to make ends meet.

so the moral of the story is - don't fight it... go with the flow, become a blood sucker... if you can't beat them, join them... the upper percentiles seem to be doing just fine... be there.

 

[Tibster]

You can twist numbers to suit any narrative. Inflation adjusted income may be the same, but quality of life bought from that income improved dramatically. We just do not notice the incremental difference from year to year. A 12 inch color TV used to cost $300 in the 70s. That's about $2000 in today's dollars.

Inflation is necessary for 2 things. It provides a feel-good yearly sentiment as everybody get raises. It also allows more debt which is required to prevent the fiat system from imploding as every dollar in circulation was borrowed and must be paid back with interest which come from more debt.

 

[dozu888]

You can twist numbers to suit any narrative. Inflation adjusted income may be the same, but quality of life bought from that income improved dramatically. We just do not notice the incremental difference from year to year. A 12 inch color TV used to cost $300 in the 70s. That's about $2000 in today's dollars.

Inflation is necessary for 2 things. It provides a feel-good yearly sentiment as everybody get raises. It also allows more debt which is required to prevent the fiat system from imploding as every dollar in circulation was borrowed and must be paid back with interest which come from more debt.

3rdly, and most importantly, it encourages risk taking, investment and entrepreneurship.

 

[Handle123]

yes I give you that... time is different.

https://www.google.com/imgres?imgurl=https://www.advisorperspectives.com/images/content_image/data/c4/c48964690d2e026dca02a4125c19fcab.png&imgrefurl=https://www.advisorperspectives.com/dshort/updates/2017/09/19/u-s-household-incomes-a-50-year-perspective&h=661&w=910&tbnid=3huaolXhhWmVMM:&q=household+income+by+year&tbnh=153&tbnw=210&usg=__TE8nfcPgTVKvLS9kZLt88OsS6zY=&vet=10ahUKEwiVr7TnkKTcAhUrTt8KHT3GByUQ9QEILDAA..i&docid=-iF4euDvDcpufM&sa=X&ved=0ahUKEwiVr7TnkKTcAhUrTt8KHT3GByUQ9QEILDAA

the blood-sucking nature of capitalism.. the rich gets richer and the poor poorer... well not exactly poorer by absolute dollar figures inflation adjusted, but poorer indeed if they have to take up additional jobs to make ends meet.

so the moral of the story is - don't fight it... go with the flow, become a blood sucker... if you can't beat them, join them... the upper percentiles seem to be doing just fine... be there.

I agree with you, but having no debt and then playing the game as it should be played, is this considered to be capitalism or being taught by parents you work your rump off, work smarter than the next guy and best to stay away from the masses ideals. Everywhere I look I see Fred Flintstone and Barney Rumble, might not be going bowling or a lodge, but equally going to sports bar to play darts killing off $100. I suppose you could call it quality of life instead of cleaning out the garage, but if one didn't make messes to start, it be nothing to clean.

Better to use debt for one's favor, pay off each month, take highest rebates/miles. Form a company to rent homes and place into your 401k LLC-instead of paying cash for your house/more to trade, rent a nice home from rental company.

Is being a renter being a capitalist?

 

[BONECRUSHER]

mock all you want, but suggest something better.

I will need 2 minutes to tear into pieces anything you suggest.... because there is nothing else.

and since you can't beat them, might as well join them, use the system to your advantage and thrive.

I guess I'll just have to "join them" by starting my new currency counterfeiting operation tomorrow...using the system to my advantage obviously.

 

[piezoe]

You inflationists are so naive... Free trade and entrepreneurship drives prices down.... Inflation. Is there period.. it's a redistribution scheme in which value is expropriated from the general wage earning population and awarded by the government to who ever the government wants...it's completely and absolutely immoral... All you keysian interventionist idiots have been indoctrinated by state education

If the money supply does not expand with population growth and productivity, money will inflate in value and there will be price deflation. Mild deflation in prices is tolerable, however any significant inflation of the purchasing power of money will cause real interest rates to rise on fixed interest debt. The dollars used to pay off debts will buy more than the dollars borrowed. In modern societies that depend on debt and fractional reserve banking, this can be catastrophic, and must be avoided..

 

[Bill.C.]

If I follow what hes saying than I feel someone should point this guy at quantitative easing, especially QE3.
The government is keen to shovel dollars into the economy.

 

[vanzandt]

What a fine mattress that would make.

I think it did.
For the Ayatollah.