Inflation transfers wealth from lenders to borrowers.

No, that's kind of my point - wealth is destroyed by contracts and savings destruction, but borrowers are not actually helped that much. In the contracts case, the supplier company goes out of business and both parties lose value. In the savers case, the saver loses all savings but the borrowers can't capitalize on the gains because the prices of everything that they care about goes up.

The people that do the best are those that are borrowers on a large asset. Their loan is devalued, so they don't have to pay as much back, true. But even then, the asset (typically a house) loses value because interest rates soar, making it difficult for future buyers to pay you for the asset.

Inflation is just generally bad for everyone. It is a global economy destroyer. Try to think of a single case where there was hyperinflation, but not economic destruction... hyperinflation is always bad, even for the guys that are supposed to be helped by it.

Except that even this best case scenario isn't true...

Think about this: What sets prices? The fact that there is (for example) only 1 hamburger per person created in the US per day. Currently, everyone has $1, and needs 1 hamburger. So the price is $1/hamburger. There is this rich guy, who has $1T, but he still only east 2 hamburgers.

OK, so now every has $1M. The rich guy is still fine, and he still buys his 2 hamburgers. But how many hamburgers can everyone else buy? Hm... there's still only one hamburger per person. So each normal person can still only buy one hamburger! So what is the price of a hamburger? $1M per hamburger!

OK, so you then say "well, there must be a huge incentive now to create more hamburgers, since people will pay $1M/hamburger." But here's the thing, at the end of the day, no one wants $1M, they want an extra hamburger. So since the number of "hamburger equivalents" you will pay per hamburger has not changed, there is not extra incentive. So nothing has changed, except that we just had massive inflation.

Poor people do not compete with rich people for goods, in general. Poor people compete with poor people for goods. Giving all the poor people $1M does not make them any better off, and it doesn't make the rich any worse off, it only destroys those that were on the cusp of breaking out of poverty.

This message brought to you by the teacher's union - torturing kids to achieve better member pay since 1960!

Um, just a minute - let's insert some math here:

0.18 trillion = 180 billion equivalent units
400 million *7000 = 2800 billion equivalent units

So, if the article summary is correct over 90% of any anthro warming is not due to CO2, proving the skeptics correct.

I strongly doubt that the article is correct.

I'm stuck on skype v4.0.0.8 because the latest linux skype client crashes literally every minute or so. And I'm not the only one who has this problem.

Or, possibly this is an alien factory planet...

To make more energy available, they take all of a solar system's rocky mass and put it into an orbit skimming close to the central star. That way the metals can be easily separated out, and worked. Since heat engines become more efficient at higher temperatures (especially when you have to radiate waste heat to space), much more energy is available for engineering processes.

This planet isn't "a complete mystery" - it is final, clinching proof of extraterrestrial intelligent life!

Or not...