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Post by Swampy on May 19, 2013 9:43:21 GMT -5
The Feds and other central banks have been printing since the Great Meltdown, but there's been no hyperinflation, and the banking system has been saved. So Keynesian stimulus works.  |
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Post by Sir John on May 19, 2013 14:23:52 GMT -5
Search, 'Velocity of money'. and, www.economonitor.com/blog/2013/05....just-devaluing/Said it a dozen times, governments tell LIES about inflation, it is there and a bigger number than they are letting on, one day it will be obvious to all. Even a Keynesian knows that money printing leads to inflation, and more money printing means MORE inflation. Ask Germany. SJ (I have little respect for the views of 'Business Insider' contributors.) |
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Post by Sir John on May 19, 2013 15:19:51 GMT -5
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Post by jerryfmcompushaft on May 19, 2013 22:12:01 GMT -5
When I compare my grocery bills now with my grocery bills of a year ago, I find it difficult to believe that there is no inflation......
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Post by Swampy on May 19, 2013 22:16:08 GMT -5
When I compare my grocery bills now with my grocery bills of a year ago, I find it difficult to believe that there is no inflation...... There's inflation but not hyperinflation. |
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Post by Sir John on May 19, 2013 23:39:59 GMT -5
Nobody said it was HERE, but it is COMING!
It is inevitable.
SJ
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Post by Swampy on May 20, 2013 0:00:11 GMT -5
Nobody said it was HERE, but it is COMING! It is inevitable. That's the same argument used by the GW crowd. |
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Post by Sir John on May 20, 2013 1:04:12 GMT -5
Maybe, but I suggest you do nothing.
'Normalcy Bias'
SJ
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Post by Sir John on May 20, 2013 1:19:40 GMT -5
Jerry,
"When I compare my grocery bills now with my grocery bills of a year ago, I find it difficult to believe that there is no inflation......"
It is, I think, a US invention to exclude food and 'gas' from the inflation figures. Two vital items of expenditure in any family budget, and an example of the dishonesty of government statistics.
SJ
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Post by mcnoch on May 21, 2013 0:12:09 GMT -5
I think the USA is still familiar with "normal" inflation of up to 14,5 % during the Carter/Reagan phase and not only survived it but some think of it as a golden age.
The banks are sitting on enormous amount of money but are still a bit in panic when they are asked to lend it as they now demand 150 % securities and then offer often too high interest rates. As most states no longer have own banks who could handle credits to small or medium sized customers directly, the chain of money is broken and will stay so until the banks become a bit more optimistic again. In Europe we build currently a lot of these state-banks to get the money back into the economic system instead of the safes of the big banks. Germany was doing this for companies (and via their state-run mutual saving-banks) since more than a century and it proofed to be of great help in the time of the big depression in the 1920s with its Hyperinflation.
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