UncleBuck
Well-Known Member
because we all know that U1-U6 definitions are unique to the obama administration only!
people are so stupid.
mcdonalds stores in the US cave to catholic demands..
- Thread starter MidwesternGro
- Start date
people are so stupid.
No, but he is the first president in a long time to have bad numbers even with all the bullshit for more than just a year or two.
kelly4
Well-Known Member
But...but...but...but SWEDEN!
Back at ya bucky.
You look at that chart and see Obama better than Reagan.
You can slice and dice numbers and make a lot of comparisons. But the fact is Reagan made America great for a long time after he left office.
The jury is still out on obama. That big boom we had in the 90 ' s was all Reagan.
And the 80 ' s weren't too shabby either.
The country is in the shitter now, many thanks to Bush. But Obama doesn't appear to be doing much better.
Obama is no Reagan.
MidwesternGro
Well-Known Member
An increase in demand relative to supply is what causes inflation, not an increase of currency -- especially if that increase in currency goes to .1% of the population.
An increase in demand? Are you being facetious or do you actually believe that?
So you point out it is based on supply and demand.
Yet you think the supply of money has no impact?
Boy is that tarded...
MidwesternGro
Well-Known Member
People have to have the money and be willing to pay the increased amount. Of course there are other factors like an increase in the price of feed if we are talking about meat, but demand is the main factor driving inflation. There are only so many cuts of beef that the very rich, who are getting most of the increased money supply, can buy for themselves to drive up the price.
MidwesternGro
Well-Known Member
Do you know what you are talking about? Yes, multiple people wanting a limited supply of something is the primary reason that people can charge more. Not an increase in the amount of money, especially if most of the money goes to the top .1% because they only need x amount of food, clothes, detergent, etc. They may drive up the price of a Matisse or Picasso, but that is not a consumer good and is not an indicator of inflation.
Canna Sylvan
Well-Known Member
Wow. How stupid is that guy? Inflation is caused by increasing the money supply faster than the output, usually tied to population growth. This is simple high school economics.
http://www3.nd.edu/~cwilber/econ504/504book/outln13e.htmlQuantity Theory Of Money said:
Harrekin
Well-Known Member
That is total horseshit.
At LEAST 4 people have said youre wrong.
Even the name "inflation" says you're wrong.
You can't have inflation without increasing the money supply.
kelly4
Well-Known Member
Yes, increased demand can raise prices...that's not inflation.
Supply and demand is NOT inflation.
I have a Degree from a State University in Finance, do you have a HS diploma?
The classic definition of inflation from year 12000 BC until around the late 1970's was: an increase in the supply of money
afterwards the definition has come to mean the overall rise in prices of goods over a period of time.
The thing you are talking about is called The theory of supply and demand, if some teacher told you that it was called inflation when there was demand for a limited product, you might want to slap them next time you see them. I assume you are in S Florida, along with the rest of the ultra gullible sheep that will believe anything from anyone as long as they have some kind of credential, even if it was written in crayon.
\
Just THINK would you?
Are there MORE or LESS Universities now than there were 200 years ago?
Why is a university education 600 times more expensive now if everyone that can fog a mirror can get into college?????
Harrekin
Well-Known Member
Inflation even naturally occurs in virtual economies in games, its a huge problem in some huge persistent multiplayer games and some developers even need to actively combat this problem.
Anyone who says inflation doesnt exist and uses the last five years as an example is extremely ignorant.
You can clearly see that deflation occurred to a certain extent during the initial months/years of the "recession", followed then by inflation. However during this period, wages have for the most part stayed stagnant which completely invalidates the argument that purchasing power has increased in line with inflation.
Either way, my long term bet is on physical silver rather than any of that other bullshit, it statistically always beats inflation (except the last year or so if looking short term, but thats another discussion) and is at a good price now to buy shitloads of before it goes up up up.
I hope the lefties solar power revolution takes off, just one way of a million ways of "getting paid"
Stop giving them knowledge NoDrama, when they fuck up and the economy tanks we make money, so educating them is counter productive.
But in the long run, perhaps a dozen stoners (to be very generous) will take financial advice from another stoner.
I suspect that's just the way it is - but I've supplemented my 401 with a fair amount of Ag (47).
But by all means continue my friends.
I suspect that's just the way it is - but I've supplemented my 401 with a fair amount of Ag (47).
But by all means continue my friends.
Harrekin
Well-Known Member
And even if it becomes COMPLETELY valueless (ie they invent some magical new electronics that dont run on electricity), you'll be able to build a throne and statue of yourself.But in the long run, perhaps a dozen stoners (to be very generous) will take financial advice from another stoner.
I suspect that's just the way it is - but I've supplemented my 401 with a fair amount of Ag (47).
But by all means continue my friends.
EDIT: And defend from vampires and werewolves...obviously.
MidwesternGro
Well-Known Member
I have a science degree.
in·fla·tion
inˈflāSHən/
noun
noun: inflation
- 1.
the action of inflating something or the condition of being inflated.
"the inflation of a balloon"- Astronomy
(in some theories of cosmology) a very brief exponential expansion of the universe postulated to have interrupted the standard linear expansion shortly after the Big Bang.
- Astronomy
- 2.
Economics
a general increase in prices and fall in the purchasing value of money.
"policies aimed at controlling inflation"
MidwesternGro
Well-Known Member
At least silver's price has something to do with utility. Most of the value of gold is speculative. I can't help but laugh at idiots who want our currency backed by gold.But in the long run, perhaps a dozen stoners (to be very generous) will take financial advice from another stoner.
I suspect that's just the way it is - but I've supplemented my 401 with a fair amount of Ag (47).
But by all means continue my friends.
MidwesternGro
Well-Known Member
Here is a good Forbes article that explains the causes of inflation, note that the author states it is not caused by an increase of the money supply. I am using the definition of inflation that economists actually use today.Inflation even naturally occurs in virtual economies in games, its a huge problem in some huge persistent multiplayer games and some developers even need to actively combat this problem.
Anyone who says inflation doesnt exist and uses the last five years as an example is extremely ignorant.
You can clearly see that deflation occurred to a certain extent during the initial months/years of the "recession", followed then by inflation. However during this period, wages have for the most part stayed stagnant which completely invalidates the argument that purchasing power has increased in line with inflation.
Either way, my long term bet is on physical silver rather than any of that other bullshit, it statistically always beats inflation (except the last year or so if looking short term, but thats another discussion) and is at a good price now to buy shitloads of before it goes up up up.
I hope the lefties solar power revolution takes off, just one way of a million ways of "getting paid"
Stop giving them knowledge NoDrama, when they fuck up and the economy tanks we make money, so educating them is counter productive.
http://www.forbes.com/sites/johntharvey/2011/05/30/what-actually-causes-inflation/
"I made a post two weeks ago in which I explained that the popular view of inflation (wherein it is caused by money growth) depends critically on assumptions that do not hold in the real world. Money comes into existence when someone adds it to her portfolio of assets. This occurs either when she borrows money (which creates new cash from reserves) or sells securities to the Federal Reserve (which injects new cash into the system). Neither of these scenarios allows the central bank to increase the supply of money beyond demand, the story told by those in the money growth ==> inflation camp. Instead, inflation happens first. This then means that agents need more cash for transactions, leading them to borrow more or sell government securities to the Fed. Thus, the money growth accompanies inflation, but it does not cause it. The original post can be found here:
Money Growth Does Not Cause Inflation!
"
kelly4
Well-Known Member
Where does it back up your claim that inflation is created by supply and demand?