To: Alberta's Child
“...and it’s a symptom of a serious deflationary cycle in the economy.”
Oh, so any day now I should be able to buy choice T-bone steak for $.78 a pound again as I did back in ‘72.
20 posted on
09/22/2016 6:28:30 PM PDT by
RipSawyer
(Racism is racism, regardless of the race of the racist.)
To: RipSawyer
21 posted on
09/22/2016 6:35:06 PM PDT by
DIRTYSECRET
(urope. Why do they put up with this.)
To: RipSawyer
It's not monetary deflation (the Fed can always print more money to offset that) ... it's REAL deflation (our capacity to produce things exceeds our capacity to consume them).
P.S. -- This is why every government and business organization is hell-bent on maintaining an open-borders policy. We don't need these immigrants for their cheap labor ... we need them to replace a lost generation of consumers.
23 posted on
09/22/2016 6:42:55 PM PDT by
Alberta's Child
("Sometimes I feel like I've been tied to the whipping post.")
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