BaltACDI get the feeling that the entire world is being 'played' by some multi billionaires over a one dollar bet - like the movie "Trading Places".
Creating chaos so we'll be glad when their "knight in shining armor" appears... "Have we got a deal for you!"
Larry Resident Microferroequinologist (at least at my house) Everyone goes home; Safety begins with you My Opinion. Standard Disclaimers Apply. No Expiration Date Come ride the rails with me! There's one thing about humility - the moment you think you've got it, you've lost it...
Murphy Siding Euclid The grand experiment I refer to is to discover the quantity of inflation that results from a given amount of money over-supply; as well as the amount of recession it will require to rebalance the money supply and end the inflation. The experiment is a practical test that requires a large enough sample of money over-supply to see a definite correlation. The grand experiment will even find the truth of weather the way to stop runaway inflation is to increase the over-supply of money, as is sometimes claimed. The experiment began at the start of 2021 and continues today. Only with a robust experiment will we find the outer limits of the cause and effect ratio of money oversupply to inflation. To be robust, we must over-oversupply money to a greater amount than ever before. So the stage is set as we wait for the results to role in and tally the damage. So far, inflation is strong and growing stronger. The truth will emerge as we watch the inflation meter tell the story. So you could say that the grand experiment is the silver lining of a very nasty cloud of wealth destroying inflation. You make this sound like a diabolical plan by the baddies in the movie Trading Places. In reality, it's probably more like an example of Hanlon's Razor:Hanlon's razor is an adage that states "never attribute to malice that which is adequately explained by stupidity".
Euclid The grand experiment I refer to is to discover the quantity of inflation that results from a given amount of money over-supply; as well as the amount of recession it will require to rebalance the money supply and end the inflation. The experiment is a practical test that requires a large enough sample of money over-supply to see a definite correlation. The grand experiment will even find the truth of weather the way to stop runaway inflation is to increase the over-supply of money, as is sometimes claimed. The experiment began at the start of 2021 and continues today. Only with a robust experiment will we find the outer limits of the cause and effect ratio of money oversupply to inflation. To be robust, we must over-oversupply money to a greater amount than ever before. So the stage is set as we wait for the results to role in and tally the damage. So far, inflation is strong and growing stronger. The truth will emerge as we watch the inflation meter tell the story. So you could say that the grand experiment is the silver lining of a very nasty cloud of wealth destroying inflation.
You make this sound like a diabolical plan by the baddies in the movie Trading Places. In reality, it's probably more like an example of Hanlon's Razor:Hanlon's razor is an adage that states "never attribute to malice that which is adequately explained by stupidity".
I get the feeling that the entire world is being 'played' by some multi billionaires over a one dollar bet - like the movie "Trading Places". https://www.youtube.com/watch?v=vEaXAsbvHV4
Humanity is nothing more than the Diety's 'Ant Farm'.
Never too old to have a happy childhood!
Thanks to Chris / CopCarSS for my avatar.
York1 NKP guy As for inflation, I should think all the anti-socialism types in the room would be cheering it on. I mean, why not? This inflation is nothing more than the market and market forces at work, all part of capitalism. So inflation doesn't happen in socialist systems?
NKP guy As for inflation, I should think all the anti-socialism types in the room would be cheering it on. I mean, why not? This inflation is nothing more than the market and market forces at work, all part of capitalism.
So inflation doesn't happen in socialist systems?
Not that I favor it but probably not in pure socialism (which has never existed, BTW), since inflation needs a market system, as in capitalism.
FWIW, inflation is often better for someone in debt than for someone who has money to lend or invest. It is also useful for governments with progressive income tax rates as the taxpayers are being moved into higher tax brackets.
Where inflation can be bad for someone in debt is when the markets factor inflation into interest rates. That's where investment will start focusing on quick paybacks and avoid investments that take longer to pay back - this is one of the factors in drying up rail investments in the late 60's to 1980 time frame in conjunction with the lack of profits from rail.
NKP guyAs for inflation, I should think all the anti-socialism types in the room would be cheering it on. I mean, why not? This inflation is nothing more than the market and market forces at work, all part of capitalism.
York1 John
I asked my doctor if I gave up delicious food and all alcohol, would I live longer? He said, "No, but it will seem longer."
NorthBritHere in the U.K. a well known supermarket made £187,000 profit last year ending April. This year ending April the same supermarket posted a profit of £2.3 billion.
Oh drat!, and the fundamentalists had JUST convinced me that inflation does not play favorites.
TESCO?
[quote user="NKP guy
As for inflation, I should think all the anti-socialism types in the room would be cheering it on. I mean, why not? This inflation is nothing more than the market and market forces at work, all part of capitalism. Prices may be up, but so are profits and that's reflected in the stock market last week. So where are the cheers for this effect of capitalism?
[/quote]
As an aside to the comment above --
Here in the U.K. a well known supermarket made £187,000 profit last year ending April.
This year ending April the same supermarket posted a profit of £2.3 billion.
Then they said because prices were rising they were increasing their prices.
'The way of the world'.
To the world you are someone. To someone you are the world
I cannot afford the luxury of a negative thought
BaltACDHave yet to see any print paper offering their subscriptions for OVER $2 a day.
My New York Times daily print subscription is $131 per month, or $4.31 per day.
At least I enjoy reading the NYT. My local paper (Gannett) has me reduced to reading the obituaries, the editorials, and the comics. Daily reading time is about 8 or 10 minutes. The Cleveland and Akron newspapers are better, but all three papers now consist mainly of feature stories; very little old fashioned investigative reporting and news. I believe very much in a strong newspaper business being good for the entire community.
But at these prices and satisfaction level, this will be the final year for the local paper for me.
* * * * *
GrampJust go to the grocery store. Coffee used to be in one, two, and three pound cans. Look at the weights now. Ice cream. Half gallon. Look now.
Agenda... As Bugs would say, "What a Maroon!" Just go to the grocery store. Coffee used to be in one, two, and three pound cans. Look at the weights now. Ice cream. Half gallon. Look now. Price points matter. I grew up in the grocery business.
BaltACD charlie hebdo I tried the voice of the Jolly Green Giant. It works!!
charlie hebdo I tried the voice of the Jolly Green Giant. It works!!
I tried the voice of the Jolly Green Giant. It works!!
Ho ho ho!!
zugmann No agenda, but there is a grand experiment? Welcome to the grand illusion, come on in and see what's happening... (Sorry, Dennis) Can I buy tickets to the final outcome?
No agenda, but there is a grand experiment? Welcome to the grand illusion, come on in and see what's happening... (Sorry, Dennis)
Can I buy tickets to the final outcome?
charlie hebdo Murphy Siding Euclid charlie hebdo It's pointless to discuss economics with posters like Euclid and Gramps, who are simply pushing an agenda of wrong-headed monetary policy or even politics. I am not pushing any agenda. What agenda is there to push? There can’t be an agenda to change course because it is too late to change course. The deal is done. This is a grand experiment. We will soon learn the outcome. And we will learn from that outcome. I read that in Eeyore's voice and it made more sense. But, it'll probably rain. I tried the voice of the Jolly Green Giant. It works!!
Murphy Siding Euclid charlie hebdo It's pointless to discuss economics with posters like Euclid and Gramps, who are simply pushing an agenda of wrong-headed monetary policy or even politics. I am not pushing any agenda. What agenda is there to push? There can’t be an agenda to change course because it is too late to change course. The deal is done. This is a grand experiment. We will soon learn the outcome. And we will learn from that outcome. I read that in Eeyore's voice and it made more sense. But, it'll probably rain.
Euclid charlie hebdo It's pointless to discuss economics with posters like Euclid and Gramps, who are simply pushing an agenda of wrong-headed monetary policy or even politics. I am not pushing any agenda. What agenda is there to push? There can’t be an agenda to change course because it is too late to change course. The deal is done. This is a grand experiment. We will soon learn the outcome. And we will learn from that outcome.
charlie hebdo It's pointless to discuss economics with posters like Euclid and Gramps, who are simply pushing an agenda of wrong-headed monetary policy or even politics.
It's pointless to discuss economics with posters like Euclid and Gramps, who are simply pushing an agenda of wrong-headed monetary policy or even politics.
I read that in Eeyore's voice and it made more sense. But, it'll probably rain.
The opinions expressed here represent my own and not those of my employer, any other railroad, company, or person.
Wrong. Here's an example...a lot of US consumer goods are made in China. They make up a large part of our economy. Until China quits it's draconian lockdown rules for covid outbreaks, they are always going to be in short supply and prices are going to be high. That's just one of many examples. Same with oil prices. We can't control them by ourselves.
BaltACD Euclid BaltACD Inflation is no just a USA issue - it is a WORLD issue. The USA alone cannot solve it. The USA can solve the inflation problem in the USA. Other countries can solve theirs. If our Country’s leaders and Federal Reserve make the right decisions about U.S. inflation, it can be brought down to an acceptable normal range, or prevented from rising above that range. We have total control if we use it. However, there is a great attraction to not using our control over inflation because the over-spending that produces an over-supply of money is so tempting. And it is also so easy to fool the public and get away with the money borrowing and spending schemes. All they have to do is tell us that other countries have inflation problems far worse than ours, and that ours is only transitory. They may even tell us that inflation is a good sign of a recovering economy, or that the cause of inflation is not borrowing and spending enough money. In effect, inflation is a mortgage placed on each of us to pay for borrowing in our names, ostensibly to improve our lives. It is much easier than the messy business of raising taxes to pay for things. It replaces the old fashioned belief in pay as you go. The 21st Century world is interconnected in most all facets of human activity. While Newton wasn't a economist, his laws of motion apply to all things financial. The USA can tune itself up, to a degree, it cannot tune up the world by itself. The World's components will have to tune themselves up - in a number of cases the components have no desire to 'tune up'.
Euclid BaltACD Inflation is no just a USA issue - it is a WORLD issue. The USA alone cannot solve it. The USA can solve the inflation problem in the USA. Other countries can solve theirs. If our Country’s leaders and Federal Reserve make the right decisions about U.S. inflation, it can be brought down to an acceptable normal range, or prevented from rising above that range. We have total control if we use it. However, there is a great attraction to not using our control over inflation because the over-spending that produces an over-supply of money is so tempting. And it is also so easy to fool the public and get away with the money borrowing and spending schemes. All they have to do is tell us that other countries have inflation problems far worse than ours, and that ours is only transitory. They may even tell us that inflation is a good sign of a recovering economy, or that the cause of inflation is not borrowing and spending enough money. In effect, inflation is a mortgage placed on each of us to pay for borrowing in our names, ostensibly to improve our lives. It is much easier than the messy business of raising taxes to pay for things. It replaces the old fashioned belief in pay as you go.
BaltACD Inflation is no just a USA issue - it is a WORLD issue. The USA alone cannot solve it.
The 21st Century world is interconnected in most all facets of human activity. While Newton wasn't a economist, his laws of motion apply to all things financial.
The USA can tune itself up, to a degree, it cannot tune up the world by itself. The World's components will have to tune themselves up - in a number of cases the components have no desire to 'tune up'.
BaltACDin a number of cases the components have no desire to 'tune up'.
BaltACDInflation is no just a USA issue - it is a WORLD issue. The USA alone cannot solve it.
GrampInflation is part and parcel a tool of a pol's toolkit. It monetizes the debt created from iladvised decisions and natural catastrophe. Taxes the citizenry (usually) stealthily. A good example of it in action is how over the years manufacturers have had to reduce consumer package sizes to maintain retail price points that consumers are willing to pay. I imagine there have been similar actions taken by transportation companies. I think most politicians today use government service to feather their own nests. Like being able to pile up and spend millions for an oceanview from Martha's Vineyard while having spouted about the dangers of sea level rise because of climate change. The U.S. and its Constitution were not created in this spirit to my mind. Those people risked everything to come here to escape tyranny and oppressiveness. They fought it to the teeth to be free. I hope we don't have to replay the 1700's. I'm a pretty old geezer so may not be around. Maybe the states' right to amend the constitution that's building can serve to limit govt. careering.
I think most politicians today use government service to feather their own nests. Like being able to pile up and spend millions for an oceanview from Martha's Vineyard while having spouted about the dangers of sea level rise because of climate change.
The U.S. and its Constitution were not created in this spirit to my mind. Those people risked everything to come here to escape tyranny and oppressiveness. They fought it to the teeth to be free. I hope we don't have to replay the 1700's. I'm a pretty old geezer so may not be around. Maybe the states' right to amend the constitution that's building can serve to limit govt. careering.
Inflation is no just a USA issue - it is a WORLD issue. The USA alone cannot solve it.
Inflation is part and parcel a tool of a pol's toolkit. It monetizes the debt created from iladvised decisions and natural catastrophe. Taxes the citizenry (usually) stealthily. A good example of it in action is how over the years manufacturers have had to reduce consumer package sizes to maintain retail price points that consumers are willing to pay. I imagine there have been similar actions taken by transportation companies.
Euclid Needing a wheelbarrow to haul the cash required to buy a loaf of bread would certainly be inconvenient. But think about the problem of your life savings rapidly depleting as you buy your last few loaves of bread. I don’t know that our present inflation will get that bad, but neither does anybody else.
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