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Comment: Re:The American Dream (Score 1) 472

by Cyberax (#47565879) Attached to: 35% of American Adults Have Debt 'In Collections'
Bread was not free, though it was very cheap. And it was always available, even during the worst days of 1992 (when the country was breaking apart).

The line on the picture is not a bread line, it's a line before a meat shop. Also, it might seem silly, but the per-capita meat consumption of USSR in 1988 had been reached by Russia only in 2008.

Comment: Re:sure, works for France (Score 1) 284

Nope. You're talking about gazonk. Inflation is _defined_ as "a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services " in the Mariam-Webster dictionary. Simple increase in monetary supply doesn't mean anything.

If you're arguing that increased money supply is ALWAYS bad, then the burden is on you to create a model that demonstrates this. And then to validate the model by making predictions about the past and future events.

Comment: Re:sure, works for France (Score 1) 284

Maybe you should reach into the early days of the Roman Empire for a definition? According to YOUR definition - inflation is good and we ALWAYS should have A LOT MORE of it.

According to MY definition (which is a generally accepted one) we right now have inflation that is lower than an optimal target. But larger inflation (which may happen in future) is also bad.

Comment: Re:sure, works for France (Score 1) 284

No. Deflation is defined in a dictionary as a "general decrease in market prices". Inflation is defined as "general increase in market prices". So far there's been no significant inflation since the start of the crisis (no significant deflation in the US either).

Feel free to call your monetary phenomena something else, and then explain why they are good or bad.

Comment: Re:sure, works for France (Score 1) 284

You know, you are an idiot, right? I clicked one of your links at random:

"Wheat futures for March delivery climbed 0.8 percent to $5.735 a bushel, the first gain in six sessions. On Jan. 10, the price fell to $5.605, the lowest since July 2010."

Wow, we have deflation!!!111ONEONEONE. Hmm, maybe another link?

Bad news for burrito addicts: Chipotle announced it will raise its prices for the first time in three years, by 5 percent, in response to the increase in beef, avocado and cheese prices.

Whole 5% other 3 years, that's like 1.5% of inflation each year! The sky is falling!

If you actually could follow a logical argument, you'd have checked - it tracks the actual prices. So far their numbers are in agreement with the official stats. But no, libertards prefer to live in imaginary worlds, they are too scared to actually admit that their mythology of tax cuts as a universal treatment is wrong.

Comment: Re:sure, works for France (Score 1) 284

There are alternative ways to measure inflation. One Billion Prices project does this - it actually checks the prices of items sold on the Internet. Its values agree with the official stats.

Look, you've been preaching inflation for 5 years by now. At first it was hyperinflation round the corner, then it was 'delayed' inflation, then something else. Now it's the government conspiracy. What next? Aliens substituting people to fake inflation numbers?

Comment: Re:sure, works for France (Score 1) 284

Nope. You fail Keynesianism. Look, go and study orthodox saltwater economics. You simply have no idea what you're talking about.

For comparison, I read Austerian babbles and monetarism theories. I _know_ them, even though I disagree with them. But you simply don't know the stuff you're talking about.

Neokeynesianism says that "fake" money CAN boost output and growth, if conditions are right. One of the criteria is the rate at zero lower bound. Note, Keynesianism does NOT say that printing more money ALWAYS helps.

Comment: Re:sure, works for France (Score 1) 284

Productivity in ALL sectors is growing, mainly as a result of IT advances. And it doesn't require much additional training, so wages are NOT growing:

So much for your theory that wages should reflect productivity growth. They don't. And babbling about GDP and inflation and conspiracies is inane - show us a complete model, without magic "here be conspiracies".

Comment: Re:sure, works for France (Score 1) 284

Except that the industrial revolution happened when most employers were small companies and needed qualified employees with specific experience. Also, industrial companies had a healthy profit margin (because of lots of added value).

That sort of stuff doesn't happen anymore. Productivity is growing but wages are stagnating. Again, this is not a point of view, but a fact.

Put not your trust in money, but put your money in trust.