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coregazer
Velociraptor
Joined: Apr 22, 2008
Posts: 450
Location: Uk, England, Cheshire
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 Posted: Tue Sep 16, 2008 2:40 pm Post subject: inflation |
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okay. iv been worrying about inflation for a while now. and i wasn't 100% sure where to put it. i was thinking maybe polatics... but as i say... not sure... anywho. basicly. atm... inflation is sending this world down the gutter. banks are being forced to close. and i dont know mutch about financials but what i do know is thats not good. im just wondering. why is nothing being done? okay. weve got minor things going on like house prices dropping by 4% a year... thats alot... by the time im 60 ill be able to afford a house (im really not good at math. forgive me). but anywho. im 15 now. leaving school next year. and i really worry about how this is going to effect me. i think of the millions of things they could do. simple things... like passing laws saying certain products may not be over a certain price. i just hope somthing changes soon.
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ShawnWilliam
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Joined: Aug 27, 2008
Posts: 1462
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| Posted: Tue Sep 16, 2008 3:30 pm Post subject: |
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| it will pass.. like all things.. |
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Tim_Tex
WP's Resident Simpsons and South Park Aficionado
Joined: Jul 03, 2004
Age: 28
Posts: 22319
Location: San Marcos, Texas
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| Posted: Tue Sep 16, 2008 7:21 pm Post subject: |
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I'm starting to worry about it.
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twoshots
Honorary Vertebrate
Joined: Nov 27, 2007
Posts: 2115
Location: NJ
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| Posted: Tue Sep 16, 2008 10:01 pm Post subject: Re: inflation |
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Inflation sucks. I have bullet proof job security but I don't get raises anything like inflation 
| coregazer wrote: | | like passing laws saying certain products may not be over a certain price. |
There are sound economic reasons why that's a very bad idea.
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ShawnWilliam
Phoenix
Joined: Aug 27, 2008
Posts: 1462
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| Posted: Tue Sep 16, 2008 11:42 pm Post subject: Re: inflation |
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| Quote: | | There are sound economic reasons why that's a very bad idea. |
HaHAAHA... Ohhh how I laugh. It's almost funny watching everything fall into place.. |
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jawbrodt
Only Truth
Joined: Jan 27, 2008
Age: 34
Posts: 6993
Location: Northcentral, Pennsylvania
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| Posted: Tue Sep 16, 2008 11:59 pm Post subject: |
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As long as the average wage continues to rise, there will be inflation. Otherwise, we would all end up being rich, eventually. 
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twoshots
Honorary Vertebrate
Joined: Nov 27, 2007
Posts: 2115
Location: NJ
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| Posted: Wed Sep 17, 2008 12:04 am Post subject: Re: inflation |
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| ShawnWilliam wrote: | | Quote: | | There are sound economic reasons why that's a very bad idea. |
HaHAAHA... Ohhh how I laugh. It's almost funny watching everything fall into place.. |
I do believe, ShawnWilliam, that even the most basic of concepts in the fields you talk about completely escape you.
(PS how many times are you going to change your avatar tonight? I liked the old one for some reason...)
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coregazer
Velociraptor
Joined: Apr 22, 2008
Posts: 450
Location: Uk, England, Cheshire
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| Posted: Wed Sep 17, 2008 11:13 am Post subject: Re: inflation |
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| twoshots wrote: | Inflation sucks. I have bullet proof job security but I don't get raises anything like inflation
| coregazer wrote: | | like passing laws saying certain products may not be over a certain price. |
There are sound economic reasons why that's a very bad idea. |
i have no idea what those would be im sorry
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ShawnWilliam
Phoenix
Joined: Aug 27, 2008
Posts: 1462
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| Posted: Wed Sep 17, 2008 12:34 pm Post subject: Re: inflation |
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| twoshots wrote: | | ShawnWilliam wrote: | | Quote: | | There are sound economic reasons why that's a very bad idea. |
HaHAAHA... Ohhh how I laugh. It's almost funny watching everything fall into place.. |
I do believe, ShawnWilliam, that even the most basic of concepts in the fields you talk about completely escape you.
(PS how many times are you going to change your avatar tonight? I liked the old one for some reason...) |
Now that's a mouth full of sh** you got there, I've got a great understanding for it, so please don't try to make me feel inferior just because it's the cool thing to do now, it shows your true colors; weak minded, easily corruptable, lame, stuck-up.. im just one man who happens to be right, and you and your little police friends will discover this to be true with or without your guns pointed at me.
And I'm trying to decide on an avatar I like.. the duck wasn't big enough.. |
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twoshots
Honorary Vertebrate
Joined: Nov 27, 2007
Posts: 2115
Location: NJ
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| Posted: Wed Sep 17, 2008 1:12 pm Post subject: Re: inflation |
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| coregazer wrote: | | twoshots wrote: | Inflation sucks. I have bullet proof job security but I don't get raises anything like inflation
| coregazer wrote: | | like passing laws saying certain products may not be over a certain price. |
There are sound economic reasons why that's a very bad idea. |
i have no idea what those would be im sorry |
I unfortunately sold my economics textbook, so I have to do with what I can get from google. The fundamental problem of price controls is that thing s have the price they have for a good reason. If you alter that, you have a price which does not reflect the underlying economic realities relevant to the thing we're talking about. This can lead to shortages, inefficient allocation of resources, deterioration of quality, etc.
http://www.econlib.org/library/Enc/PriceControls.html
http://www.mises.org/story/1962
The rent control example is a common case study, and it seems largely agreed upon by economists that it was a very bad idea
http://en.wikipedia.org/wiki/Rent_control#Arguments_against
Now, on top of all this, you need to consider that inflation is usually caused by the government in the first place. This is particularly the case in my neck of the woods. Therefore, having the government f**k with the market when it caused the problem to begin with is just farcical..
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ShawnWilliam
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Posts: 1462
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| Posted: Wed Sep 17, 2008 1:35 pm Post subject: |
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| The biggest inflation comes from the Federal Bank Reserve. They just keep making more cash, and the economy just gets more inflated. |
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coregazer
Velociraptor
Joined: Apr 22, 2008
Posts: 450
Location: Uk, England, Cheshire
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| Posted: Wed Sep 17, 2008 1:41 pm Post subject: |
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tbh. i'd be fine with inflation if the work checks raised with the prices. but paychecks arn't rising whilst everything else is... to me that just isn't right. i just think somthings gotta change soon.
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ShawnWilliam
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| Posted: Wed Sep 17, 2008 3:57 pm Post subject: |
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| coregazer wrote: | | tbh. i'd be fine with inflation if the work checks raised with the prices. but paychecks arn't rising whilst everything else is... to me that just isn't right. i just think somthings gotta change soon. |
There current plan as far as I know is to push the prices back down.. at least that's what Ron Paul said. I wish he was still in the election..  |
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