Posted on 10/07/2012 10:51:34 AM PDT by blam
Yes, you read that correctly. High ranking members of the US Federal Reserve believe that because a one time purchase of an iPad is cheaper, the increase in the daily cost of food and energy is balanced out.
I found myself shouting the very same thing at the TV a couple of months ago at some round-table discussion. This one booger-eating moron kept going on about how there was no inflation, and look at how technology and home prices have fallen. My response was "YOU A$$H@LE! Most people's life savings are tied up in those homes who have lost their values. Prices are lower, but try getting a mortgage! And besides, HOW MANY HOMES and TVs and COMPUTERS DO YOU BUY A MONTH!?!?!?!?!?!"
Mark
This must be the price increases from the drought , eh?
Today when I was there, the same ham was $3.28 a package.
Have you bought Orange Juice lately? A carton of OJ has skyrocketed over the last year. Oh, and by the way... That 64oz carton is now 59oz. And I recall Minute Maid announcing that they were going to "dilute" their "not from concentrate" OJ, because people were asking for a "milder" orange flavor. Yeah, right!
Mark
Read the article and really think about it.
Inflation is the reason the jobs are leaving. You never answer my comments so I'm guessing you're just trying to stir up controversy [or reinforce your own unexamined premises] rather than actually find solutions.
Sorry there were two similar articles and I answered one, my apologies, sincerely.
I am moving from being concerned about why our jobs are leaving, and becoming most concerned just that our jobs are leaving.
It matters not why.
Evidently we disagree on that point. I can see yours, but still I strongly believe we have passed the point where sending US jobs abroad for any reason is good.
I say bring back (all) US jobs.
This has gone on far, far too long.
No...I don't drink much OJ.
FYI, when Coca-Cola bought Minute Maid, they also bought 12% of the land area of Belieze to grow citrus...
So...price increases now should not be because of drought or freezes.
I believe they’re talking about a denarius. In the time of Christ it was about 4 grams of silver. At today’s silver price about $4.40. Which, oddly enough, is roughly what a decent loaf of whole wheat costs at Publix.
There are a host of reasons why comparing prices from one period to another is seriously problematic, but a day’s wage today might be about $60, which is around minimum wage.
We’re a long way from having a loaf of bread cost $60. And when that day gets here, it’s likely the “day’s wage” will be a lot more than $60.
Of course there won’t be any work available...
There is no way to “bring back US jobs” any more than there is for the government to “create jobs.”
The US can of course implement all kinds of trade barriers, but the net result is likely to be a loss of US jobs.
Americans are also likely to be less than thrilled when the stuff they’ve been buying imported from China for $5 now costs $22 when made in the USA.
And of course a doubling of prices you pay is just about the same thing as cutting your income in half.
We disagree then.
Thanks for your post, though.
BTW, the scripture is not referencing inflation, as such.
It’s talking about starvation, as in a beseiged city.
Inflation isn’t the problem. Inflation isn’t the answer.
Now...deflation. That should scare you.
Deflation, scares me.
This has gone on far, far too long.
I don't disagree at all. But we can either do it by ending inflation, providing a stable economic atmosphere at home, and letting the markets work; or we can just wallow in our current economic mess and have the government dictate to us how and where we spend our own money.
We don't disagree on the ends -- just the means, apparently.
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