2% even 1% is a very long way from zero when considering an average compunded inflation rate, none of the Central or national government banks get it right, they are failures for the average worker, average business person and the poor, they are there to support Central government and or corporate banking interest and other members of the political class elite.--- In [email protected], Vic Cinc <[EMAIL PROTECTED]> wrote: > > the reason reserve banks keep a target of 1-2% is that > there control is not perfect and a small amount of inflation is much > better then a small amount of deflation which can quickly snowball into > a cripling effect. the reserves could target 0 but choose not to as an > error buffer. > > with negative inflation, spending and investment quickly grinds to a halt, (the longer > you wait the cheaper it gets) and this can escalate into rising unemployment and create a vicious circle. > > Vic > > > terry12622000 [EMAIL PROTECTED] wrote: > > Ok, I'm tired and I'm going to bed soon, so tired I forgot to mention > > why even an average 2% inflation or even 1% is bad for workers and > > those who save, because it compounds.World CEntral BAnk theory now is > > that an average 1.5 to 2% inflation is price stablity, its not. Its > > not so bad if you get a correct cost of living that matches your > > spending needs and habits but the CPI supposedly is based on what the > > average person in America spends and it doesn't even include taxes, > > if you don't buy what the average person out of the 230 million > > Americans in the average area buys the cost increases are not going > > to reflect your cost, another big reason Central Planning does not > > work very well in a efficent matter.--- In > > [email protected], "terry12622000" <cottondrop@> wrote: > > > > > > Your not serious about how wonderful Central Banking has been in > > the > > > past 25 years are you. Yeah we have had single digit inflation for > > an > > > average 1.5% to 3% if the Fed fiqures and the Labor Department > > fiqures > > > can be believed if they aren't outright lowballing to try to screw > > over > > > old people on social security or on pensions with a cola > > adjustment, > > > workers with cola contracts ( hell the feds get nervous when > > workers > > > get more money and unemployment gets lower and lower) or just make > > > themselves look good which is the nature of the politicans and the > > > political class to get elected so they can screw us more. Another > > > therory is they are just screws as is the nature of Central > > Planning. > > > I think both are right, they are big screw ups, they are trying to > > > scre us and they are Incrementally ( you know that word don't > > you )) > > > screwing up in trying to screw us up but these reform the LP > > talents > > > who know how to get elected but somehow can't manage to do it > > unless > > > they take over the LP are going to get in office and turn things > > around > > > for good, that is you will try but your far from enough reforms of > > > governments will fail and people will blame it on libertarian > > ideas, > > > free markets and demand more and more state control and you will be > > out > > > of office. Then the state party will screw up again, then you will > > get > > > elected again then you will screw up again, then you will become > > just > > > like the Democrats and > > > Republicans. > > > Why is that, because you are shotting for the Maoist > > > approrach that revolution comes from the barrel of the gun, you > > don't > > > have the talent or dignity of being an educator, being a natural > > > leader, a natural salemen. --- In > > [email protected], "Brian > > > Holtz" <brian@> wrote: > > > > > > > > Full story at http://blog.360.yahoo.com/knowinghumans. > > > > > > > > Brian Holtz > > > > 2006 California LP Platform Committee Rep > > > > http://marketliberal.org/FixLP.html > > > > Libertarian candidate for Congress, CA14 (Silicon Valley) > > > > http://marketliberal.org <http://marketliberal.org/> > > > > blog: http://knowinghumans.net <http://knowinghumans.net/> > > > > > > > > > > > > [Non-text portions of this message have been removed] > > > > > > > > > > > > > > > > > > > > > ForumWebSiteAt http://groups.yahoo.com/group/Libertarian > > Yahoo! Groups Links > > > > > > > > > > > > >
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