Comments on: UPDATED: An Inflationary Flight From Truth

By: CompassionateFascist

CompassionateFascist — Tue, 17 May 2011 19:26:49 +0000

Let me paraphrase Calvin Coolidge: when prices rise, inflation results. Highbrowing about the “money supply” leaves the popular masses numbstruck.

By: John Danforth

John Danforth — Mon, 16 May 2011 14:04:59 +0000

And now, for some ‘kinetic’ bombing.

Sorry you have to re-live the Anthem novel every day. I do too. I eat their disdain and fear for breakfast and work for my own satisfaction.

By: Myron Pauli

Myron Pauli — Mon, 16 May 2011 05:40:13 +0000

I feel for Sean and my physician friend describing her job where bureaucrats are more concerned with the price of coffee cup lids than the care that patients received … in my own job, “adminstrators” are passionate about WHERE/WHEN you eat your lunch and which exit you use in a fire drill than your scientific work (this in a so-called “research laboratory”!). Sadly, THE PARASITES OUTNUMBER THE PRODUCTIVE and they have the political connections to hinder and control the productive.

This is indirectly related to inflation which, it appears, is when the currency is debased. Admittedly, if the “money” in circulation increased because of a combination of population increase and productivity increase and REAL “improvements” – e.g. 1 million American Indians burning wood and living in teepees vs. 10 million Americans burning coal and living in log cabins vs. 100 million Americans burning oil and living in brick homes – such “inflation” would not be a cause for alarm. If it is just Bernanke Funny Money keeping home prices artificially high and paper away banking losses, then the increase of the money supply constitutes malignancy and fraud.

America is becoming a nation of “administrators” and coolies with nothing in between.

By: CompassionateFascist

CompassionateFascist — Mon, 16 May 2011 00:57:35 +0000

No, I think tens of millions of ordinary US consumers know what “inflation” is: when the same basket of stuff costs more and more. Governmentalist crowd simply substitutes a different definition involving heavy producer goods rather than day-to-day consumables – food, fuel, etc. – and claims minimal inflation. It’s the old trick of arguing by (re)definition of a term. And it’ll work, up to a point, then hard reality will rule and all the double-talk and triplethink coming from Wall St. and DC won’t matter any more.