Posted on 05/15/2011 8:20:40 PM PDT by sickoflibs
I’ve thought the same.
Sure - you can have inflation, so milk is going up. People will pay the price but they will buy less. Eventually if the price is extreme, they will cut their consumption down to “only as needed” levels - or even switch to powdered milk.
If the price gets to be ridiculous - and people have less and less money because unemployment is still high - you can’t get blood from a stone. How does hyperinflation happen if the monster can’t be continually fed for a long period of time?
If I remember “The Creature From Jekyll Island” correctly, the American dollar has lost 95% of its value since we got a central bank (The “Federal” Reserve).
It’s done well the job assigned to it, taking a few lives along with it, like John F. Kennedy’s and Abraham Lincoln’s.
there is one difference between the present and the 70’s as I remember them. Corporations are flush, sitting on mountains of cash. They have no where to invest it that will pay off.
In the 70’s cash was short and such strategies as overnight investing at interest came to be. There were other such actions dreamed up to deal with the precious cash on hand and provide marginal growth.
The question that should be asked id what can be done to induce the investment of that cash? The answer is known bu the treasurers....... get rid of the marxists. When they are gone, business will take on a more favorable light.
Not really - that's a myth Krugman and his ilk like to repeat. Corporations are borrowing a lot of short-term cash in the commercial paper markets, out of fear they may not be able to if a crisis hits again. This makes their books look like they are just keeping a lot of cash on the sidelines deliberately to spite Obama. :) But aside from few tech giants like Apple and Microsoft, most companies aren't in any real position to invest and expand absent any real recovery on the horizon. They won't take the risk, and who can blame them?
Thanks,
I am going to stay away from the word ‘most’ but I have had a number of heated debates with freepers (some are good friends) over the limits/powers of the Federal government wrt the states. As you have gathered many Republicans are for increasing centralized power in DC as long as Republicans are in charge and they only dust off the word ‘constitution’ when Democrats are in charge as a political prop, much like the liberals do when they are in power.
They act like the ends justifies the means and that the precedents they set can never be used against their own positions when Republican lose power.
“I’ve long suspected most so-called social conservatives are just as eager to see the free market economy destroyed and replaced by central authority as the Left is.”
Why do most fiscal conservatives like to take a dump on social conservatives? Does it make you feel better?
I’m a socon, and I posted in this thread before you. Hmmm. Maybe your pat ‘anal’ysis isn’t all that?
Thanks Clintonfatigued.
Impossible. Bureaucracy is by definition “harm,” and can only be kept under control by limiting the power and population of bureaucrats.
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