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| djs, digitalrights, phpnuke, smartmedia, classic albums, girl, classifieds, electric guitar, mp3mp3s legal music ipod playloudershop.com music playlouder, mcsweeney's, creationist, film, oracle, | What you said was true, at the same time you didn't tell the whole administrator story. For instance, although many Americans have debt, many also have savings — particularly those that save for retirement (hopefully everyone). As I mentioned above, just because prices go up doesn't mean your salary will. If it does (and everyone else's does), our administrator (as a country) global competitiveness will fall. That makes our exports drop and imports rise causing a trade imbalance. High growth rates can't be sustained. Then the cycle turns around. Worse is how it affects the lower class. The people without skills have a harder time bargaining for higher wages. They don't have a mortgage to try to inflate out of — they rent. They don't even have much debt — they can't get credit. Their rent goes up, their energy bills go up and their food costs go up. |
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| [ ...reply just to this | comment on the story... | next new ] 139. Re: Ivory towers by 0tim0 at Fri 2 electric guitar Sep 10:31pmscore of 1 in reply to electric guitar comment 138 Hmmm. Well, it seems that you are saying that the effect of inflation is the same in both cases. It's just that the cause in the one case, rising wages, is good. So that cancels out the bad effects. Working backwards, that is the third issue. The second issue here is whether inflation is good or bad. As you said, anticipated inflation is not so electric guitar bad (but only if it's small). And in fact, negative or no inflation has a dampening affect on the economy (why buy now if it'll be cheaper tomorrow?) Ideally, a small amount of consistant inflation is preferable. Upthread you presented a fairly rosey view of unanticipated inflation. |
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