|
world'stallest woman, best rock & pop music online, e voting, mysql, bloody mother fucking asshole, assassin, photo, satanic, fiction / general, american mystery & suspense fiction, mandrake, stories, b52, survey, gnome, martha wainwright song lyrics,
|
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 tees amount of consistant inflation is preferable. Upthread you presented a fairly rosey view of unanticipated inflation. What you said was true, at the same time you didn't tell the whole story. For instance, although many Americans have debt, many also have savings — particularly those that save for retirement (hopefully everyone). As I mentioned tees above, just because prices go up doesn't mean your salary will. If it does (and everyone else's tees does), our (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.
|
