General Discussion

cthulu2016

(10,960 posts)

102. Your reliance on anecdote

Tue Apr 24, 2012, 10:41 AM

Apr 2012

and your belief that the real world must comport with whatever is going on in your own head do not make for a compelling argument.

There is no systemic inflation in the US economy.

But your gut tells you something different and heaven knows that whatever feelings you have surely trump all empirical evidence.

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The progressive issue many progressives don't seem to like [View all] cthulu2016 Apr 2012 OP

I disagree with... Scuba Apr 2012 #1

Real world cthulu2016 Apr 2012 #3

It's time to raise rates. girl gone mad Apr 2012 #57

Keynesian policy is failing precisely because the US does not manufacture anymore. Selatius Apr 2012 #63

Keynesian policy is not failing cthulu2016 Apr 2012 #81

Keynesian policy would fail, were it implemented. girl gone mad Apr 2012 #94

That balance sheet recession wouldn't have happened if people didn't borrow excessively. Selatius Apr 2012 #95

People with impaired balance sheets cthulu2016 Apr 2012 #96

What happens when the stimulus is over? Are you going to cut food stamps? dkf Apr 2012 #45

Increased Economic Activity, Ma'am, Will Result From The Expenditures The Magistrate Apr 2012 #48

So you do think it is feasible to cut a person's food stamps benefits when the economy dkf Apr 2012 #65

No, you cut a person's food stamps when they, as an individual, no longer need them. Scuba Apr 2012 #66

I agree with you but the inflation must be natural, controlled inflation and not banned from Kos Apr 2012 #2

The helicopter drop would be fine cthulu2016 Apr 2012 #4

Well, no one knows what a helicopter drop is banned from Kos Apr 2012 #9

Increasing the "money supply" does not cthulu2016 Apr 2012 #17

It is a metaphor for QE Ruby the Liberal Apr 2012 #44

No it isn't. What you call QE is just bond buying. That bond sits on the Fed's balance banned from Kos Apr 2012 #68

No, it's a metaphor for government borrowing and spending cthulu2016 Apr 2012 #80

He claimed Bernanke was the greatest chairman in the history of the Fed?? KamaAina Apr 2012 #91

It was a well thought out and superbly Ruby the Liberal Apr 2012 #92

Post removed Post removed Apr 2012 #97

Time Man of the Year, eh? KamaAina Apr 2012 #98

Low inflation hurts retirees? Since when? badtoworse Apr 2012 #5

The bulk of income for non-wealthy elderly cthulu2016 Apr 2012 #6

Severely Reduces Interest Income, Sir The Magistrate Apr 2012 #8

Very few average elderly live off savings interest cthulu2016 Apr 2012 #11

You Would Be Surprised, Sir, At Least Among The Present Cohort The Magistrate Apr 2012 #16

High inflation erodes buying power faster than higher yields can compensate for it. badtoworse Apr 2012 #12

If The C.O.L.A. Is Calculated Honestly, Sir, That Is Not The Case The Magistrate Apr 2012 #19

If is a big word badtoworse Apr 2012 #20

The O.P.'s Second Point, Sir Should Not Be Overlooked The Magistrate Apr 2012 #23

Thank you for noting that cthulu2016 Apr 2012 #28

That is very true badtoworse Apr 2012 #34

Yeah. IF. Have you seen the hocus pocus games being played with COLAs lately? Zalatix Apr 2012 #38

Deflation is best for all RobertEarl Apr 2012 #13

deflation? cthulu2016 Apr 2012 #15

Oh? RobertEarl Apr 2012 #18

It Makes Debtors Pay In Currency Worth More Than That They Borrowed, Sir The Magistrate Apr 2012 #21

Debt RobertEarl Apr 2012 #26

Let Me Guess, Sir: Specie Currency? The Magistrate Apr 2012 #29

In deflation the only thing that increases in value cthulu2016 Apr 2012 #24

Most of us RobertEarl Apr 2012 #30

There are huge numbers of people of people struggling with debt badtoworse Apr 2012 #37

They asked for the debt RobertEarl Apr 2012 #41

Deflation has many facets Art_from_Ark Apr 2012 #50

re: reduced interest rates cthulu2016 Apr 2012 #56

I also experienced the high inflation of the '70s in the US Art_from_Ark Apr 2012 #59

Deflation = fewer dollars in your hands, more in the hands of the rich. Zalatix Apr 2012 #39

Funny thing about hyper-inflation... cthulu2016 Apr 2012 #58

Wheelbarrow full of marks Art_from_Ark Apr 2012 #60

That's when you switch to a barter economy. Zalatix Apr 2012 #62

I believe that's why America inflated its way out of its debt right after World War II. Zalatix Apr 2012 #61

here is a video that will help you understand Dokkie Apr 2012 #69

Nonesense, Sir: Debtors And The Poor Do Not Gain By Deflation The Magistrate Apr 2012 #72

I never said debtors gained from deflation Dokkie Apr 2012 #75

In Plain English, Sir The Magistrate Apr 2012 #76

So reading my last post Dokkie Apr 2012 #87

No Idea What You Mean, By Now, Sir, And No Reason Even To Think You Know, Either The Magistrate Apr 2012 #93

Let's do a little thought experiment to show just how wrong you are. jeff47 Apr 2012 #46

You have $40,000 in savings in an inflationary economy Art_from_Ark Apr 2012 #64

That $40k isn't sitting under your mattress jeff47 Apr 2012 #74

In a deflationary economy, people are still selling stuff Art_from_Ark Apr 2012 #77

Ok, apparently you're going to take everything I say extremely literally jeff47 Apr 2012 #78

Why is a 2% mortgage a good thing? cthulu2016 Apr 2012 #82

I mostly agree with you but also agree with badtoworse.Retirees would suffer horribly with inflation stevenleser Apr 2012 #7

If Social Security C.O.L. A. Were Adjusted Honestly, Sir, This Would Be Minimized The Magistrate Apr 2012 #10

Agreed. nt stevenleser Apr 2012 #47

Actually... cthulu2016 Apr 2012 #14

The idea that. sendero Apr 2012 #22

The willingness to reject facts cthulu2016 Apr 2012 #25

I really doubt the sanity of an economic system ... GeorgeGist Apr 2012 #70

Why is that? cthulu2016 Apr 2012 #79

Anyone who buys groceries.. sendero Apr 2012 #99

Your reliance on anecdote cthulu2016 Apr 2012 #102

Across the board sendero Apr 2012 #103

there has been no net inflation since the financial meltdown of 2008. banned from Kos Apr 2012 #27

People buy milk and gas every week cthulu2016 Apr 2012 #31

And Those Daily Prices, Sir, Are Excluded From C.O.L.A. Calculations The Magistrate Apr 2012 #33

Since Cola stands for Cost of Living Adjustment... cthulu2016 Apr 2012 #36

I track milk and gas and they were amazingly close 2008-now banned from Kos Apr 2012 #35

And I would expect.. sendero Apr 2012 #100

Whatever you think of the poster cthulu2016 Apr 2012 #101

Above my head, but it seems to make common sense. nt Honeycombe8 Apr 2012 #32

"With one exception... the issue that matters the most. The Macro-Economy..." unkachuck Apr 2012 #40

China is the realy reason we have no inflation to speak of johnd83 Apr 2012 #42

They don't anymore jeff47 Apr 2012 #49

Interesting economic lesson there. Zalatix Apr 2012 #53

A side issue... cthulu2016 Apr 2012 #55

A bad purchase actually helps them. jeff47 Apr 2012 #73

My point is that plenty of others are willing to make that purchase cthulu2016 Apr 2012 #83

Theoretically, China could have bid 'em up to the point where no one else was buying. (nt) jeff47 Apr 2012 #86

To sustain the Dollar, they needed to buy more and more and more treasuries jeff47 Apr 2012 #71

Yes... but cthulu2016 Apr 2012 #84

And a strong Yuan, converted into weak Dollars would buy even more oil. (nt) jeff47 Apr 2012 #85

Our greenbacks are no use to them johnd83 Apr 2012 #104

Treasuries aren't dollars. They're loans. jeff47 Apr 2012 #105

There's a big flaw with this idea MadHound Apr 2012 #43

Note that time frame cthulu2016 Apr 2012 #52

It would take a radical restructuring of society at this point to change that trend.. Fumesucker Apr 2012 #67

marking for later. nt Mojorabbit Apr 2012 #51

Rust spots on a rivet on a deck chair on the Titanic. saras Apr 2012 #54

Your causality between inflation and economic growth is backwards. JVS Apr 2012 #88

Your assumption that I suggest such a causality is erroneous cthulu2016 Apr 2012 #89

Congrats on the best thread on inflation/deflation and the Fed I have seen banned from Kos Apr 2012 #90