Inflation is a subtle means of theft.
posted on 04/17/2012 7:43:48 PM PDT
Krugman is a Looter. Of course he likes inflation.
posted on 04/17/2012 7:47:57 PM PDT
(Like Emmett Till, Trayvon Martin has become simply a stick with which to beat Whites.)
Krugman makes enough money so inflation wouldn’t hurt him.
Krugman, as mentioned above, is an idiot. Like all liberals, Krugman is an elitist snob who secretly despises the poor. Inflation is also known as “the most cruel tax of all” precisely because the poor can least afford it.
posted on 04/17/2012 8:41:59 PM PDT
How is it that this A-Hole still gets press????
What depraved parent would spend $50,000 per year to send Biffy or Buffy to Princeton to listen to Krugman or Blinder???
Truly, the stupidity is mind bogeling!!!
posted on 04/17/2012 8:58:33 PM PDT
(Loose Lips, Sink Ships)
FUPK !!!!!! We don't need inflation and it is a form of theft. Bad enough we are going through Jimmy Carter Again part of the way and I am old enough to remember Carter and the pain of inflation, not agin !
posted on 04/17/2012 9:23:45 PM PDT
"Who is Paul Krugman kidding? Inflation is morally abhorrent"
Krugman should give back his Nobel Prize, and all other prizes and honors he's received throughout his life.
Everything, for that matter, except perhaps the ribbons he got in 3rd grade for winning chess tournaments.
posted on 04/17/2012 9:48:34 PM PDT
by tom h
The natural state of the economy is a slight amount of deflation. What used to take a certain amount of labor will take less labor in the future (exceptions for anything involving government which seems to take more labor each year). If the value of money is stable, the CPI will decrease slightly to reflect this increase in efficiency.
Any inflation is just those who produce new dollars from nothing (the government, Federal Reserve and banks though higher velocity of money) stealing from those who already have dollars and dollar denominated assets like bonds, life insurance and loans to other people.
posted on 04/18/2012 7:56:06 AM PDT
(You only have three billion heartbeats in a lifetime.How many does the government claim as its own?)
The theory presumes businesses increase prices faster than workers wages raise effectively making labor inexpensive. When real salaries shrink, hiring accelerates.
Sure it does! After all, shrinking the buying power of workers means they are all going to purchase more goods.
The "logic" of the left escapes me.
posted on 04/18/2012 8:01:23 AM PDT
(A vote for the lesser of two evils only insures the triumph of evil.)
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