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To: BelegStrongbow

That 2G a month may buy you a nice evening at the McDonald’s by the time you get it. Or maybe it won’t. SS will not rise with inflation any more and real inflation is running at between 6 and 10 % right now and accelerating. At some point we start talking about inflation per month then day. That point will occur pretty soon, I think. Our public servants won’t talk about it though.


54 posted on 06/22/2011 4:45:20 AM PDT by arthurus (Read Hazlitt's "Economics In One Lesson.")
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To: arthurus

I think you’re right on all counts, art, though I’m not entirely sure hyperinflation will come. Not sure it won’t, but think we’re still in the tipping area for it, given the arrival of responsible governance of finance.

My point in stating the amount was to make clear it would be a ridiculously small amount of no particular value in maintaing even a minimal standard of living, given the circumstances. Which is why I plan on working until I die.


56 posted on 06/22/2011 9:08:29 AM PDT by BelegStrongbow (St. Joseph, patron of fathers, pray for us!)
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