On 05/23/2012 03:33 PM, authfriend wrote: > > --- In [email protected], Bhairitu<noozguru@...> wrote: >> On 05/23/2012 12:09 PM, authfriend wrote: >>> --- In [email protected], Bhairitu<noozguru@> wrote: >>>> On 05/22/2012 09:29 PM, authfriend wrote: >>>>> --- In [email protected], wgm4u<no_reply@> wrote: >>>>>> I think the treasury Secretary, Timothy Geithner reports directly to >>>>>> Obama.... >>>>>> >>>>>> --- In [email protected], Bhairitu<noozguru@> wrote: >>>>>>> On 05/22/2012 04:39 PM, wgm4u wrote: >>>>>>>> By printing more money Obama cleverly 'steals' your money >>>>>>>> from your bank by deflating the dollar. >>>>> Hmm, I've always thought printing money results in >>>>> *inflation*, not deflation. >>>>> >>>>> Fortunately, the runaway inflation the GOP has been >>>>> screaming is going to happen hasn't. >>>> Do you compare food prices to what they were two, three years ago? Some >>>> of us still have a memory system and can even remember what prices were >>>> 10 years ago for food, gas, etc. Inflation is very much here but yes >>>> not quite runaway yet. >>> Nowhere *near* runaway, Bhairitu. As I'm sure you're aware, >>> food and gas prices fluctuate significantly regardless of >>> the money supply, so they're often not included in measures >>> of what's called "core inflation." Core inflation is vastly >>> more important for the state of the economy--and it's still >>> *very low* (2.3% as of April). Many economists say the >>> economy would benefit if it were allowed to rise somewhat. >>> But the GOP uses the threat of inflation as a scare tactic, >>> so core inflation is kept down by the Fed, which prevents >>> the economy from improving. >>> >>> <snip> >> Let's see, in 2000 when I moved here a turkey wrap at the local store, >> the same one they sell now was $1.99. It's $4.99 now. It was a favorite >> of mine. I watch the price of things like potato chips because they are >> cheap to make and non-essential so you would think they wouldn't rise so >> much in price. But a bag of chips is now $3 when it was $1 back in >> 2000. That is a 300% rise. And the bags have less chips. >> >> If you want more information watch the "Weight of the Nation" HBO >> episode especially episode four where they point out food price >> inflation. You can watch it for free on their web site or their channel >> on YouTube. You will not see this series on broadcast TV as food >> advertisers would complain and want to pull TV ads. > Let me say it another way: > > As I'm sure you're aware, food and gas prices fluctuate > significantly regardless of the money supply, so they're > often not included in measures of what's called "core > inflation." Core inflation is vastly more important for > the state of the economy--and it's still *very low* > (2.3% as of April).
I should have known that if I replied to you all you would want to do is argue. You believe the establishment position but there are sources that say otherwise. My bet is you also believe the unemployment statistics the government gives out. I'm talking food inflation prices that are far more than 2.3%. > >> The economy would benefit if people had more expendable income >> not spending using credit. > People would have more expendable income if the economy > were better. It's a "virtuous cycle." One way to get the > economy going again would be to let core inflation rise. Then people can't afford the things they need. Again you take the establishment position. > >> The whole system needs a reboot. > True dat. > >> If you believe the government's propaganda which you >> apparently do > Since there's zero evidence of this in what I wrote, > I'm just going to cut you off right there. Whaddya think folks? I mean I listen to political talk radio all day and with many a discussion of the economy with economists. And it ain't FOX radio either. Apparently Judy has never read any of the articles as to why the government under reports things. But Judy just loves to argue, argue, argue.
