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The Mouth

(3,416 posts)

12. Let Mr. Zandi try to live on a fixed income for the next few years and get back to me

Reply to applegrove (Original post)

Sat Jul 24, 2021, 08:50 AM

Jul 2021

Inflation is as bad as anything if your income doesn't go up to match.

FUCK anyone who thinks more than 2 to 2 percent is ever, under any circumstances acceptable.

Inflation killed people in the 70's, inflation is what defeated Jimmy Carter. Inflation is a tax that hits the poor and the elderly the hardest. Some damned yuppie in their 40's can bloviate that it's not a big thing; my hope is that they live the final third of their life watching what had been a good weekly paycheck be barely enough for a bag of groceries.

Inflation. Is. Bad. for everyone but the stinkin' rich and the young and upwardly mobile.

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Highlight:

Opinion:The GOP's favorite spin about Biden's plans just took a big hit [View all] applegrove Jul 2021 OP

oh its accessible. unusual for a wapo post nt msongs Jul 2021 #1

Doesn't matter if it's true, republicans will run with the "inflation" bogyman. Merlot Jul 2021 #2

And holding back the economy is part of it Cosmocat Jul 2021 #5

To stop Keynesian spending which works. They did that to Obama. applegrove Jul 2021 #10

Unless people are feeling that their wallets are thinner, Elessar Zappa Jul 2021 #16

An infrastructure bill... SergeStorms Jul 2021 #3

This! Times a gazillion! love_katz Jul 2021 #6

When has a dire predication being, unlikely even wrong stopped them from using it as a weapon? [nt] Nexus2 Jul 2021 #4

This message was self-deleted by its author Chin music Jul 2021 #7

Stanley Drunkenmiller is Stepheney Ruhul warming about the dangers of further spending... Nexus2 Jul 2021 #8

Here is a video Drunkenmiller's commentary Nexus2 Jul 2021 #11

This line is why the pukes won't help. North Shore Chicago Jul 2021 #9

Let Mr. Zandi try to live on a fixed income for the next few years and get back to me The Mouth Jul 2021 #12

:) Chill? After all, this economist is honest and on the side of the good guys. Hortensis Jul 2021 #13

All the government has to do is up the interest rates and it stops the applegrove Jul 2021 #14

I'd be very skeptical of runaway inflation, 1970s style bucolic_frolic Jul 2021 #15

If what we're seeing is really transitional, oldsoftie Jul 2021 #17

GOP: Who was Prez. the last time inflation got out control? rickyhall Jul 2021 #18

Most Americans are completely ignorant about finances and economics Dopers_Greed Jul 2021 #19