Quote from piezoe:
zdreg, old man, you are starting to give me the impression that you think the fed is responsible for inflation.
"Oh, and I haven't a clue how one would show the Fed is the engine of inflation, because they are not, of course."Quote from piezoe:
"of course, when u used the phrase old man you meant a person full of wisdom and experience."
Exactly what I meant. It's a complement of course.![]()
Oh, and I haven't a clue how one would show the Fed is the engine of inflation, because they are not, of course. Now you have me a bit confused. I thought that is what you were claiming when you wrote: "the US grew quite nicely before establishment of fed 1913.
since then it has been nothing but an engine of inflation"
I foolishly thought the "it" you were referring to was the Fed. Am I becoming schizophrenic?
he makes a good point. From just a simpleton like myself, Where does inflation come from? If somebody is not printing new money, how could there be inflation?Quote from zdreg:
"Oh, and I haven't a clue how one would show the Fed is the engine of inflation, because they are not, of course."
you could do your part by showing convincingly who is responsible for inflation if not for the fed printing money.
Quote from oldtime:
he makes a good point. From just a simpleton like myself, Where does inflation come from? If somebody is not printing new money, how could there be inflation?
I already know the next step
And that is the argument that sometimes inflation is good and on and on and so forth
But at least somebody should acknowledge that without the fed there could be no inflation.
When I left home my father gave me 7 one ounce gold pieces and said, "When you come home for the holidays, use one of these to buy a new suit so you don't embarass your mother."
So far so good.
Quote from oldtime:
I think it is a cheap shot to nail somebody on their grammar, punctuation, or spelling, since we all get to writing at night, sometimes under low light, like myself with nothing more than the tv and candle light.
All I want to know is, did you purposely mispell "complement" to make a point?
Because I know you are a real stickler when it comes to the English language.