Thread: Have You Noticed? Still No Inflation! What Do the Austrians Say to That!?!

Originally Posted by jpn

Do you ever use citations for your "facts?"

I guess I have to do your thinking for you, since you don't seem to be very good at doing it yourself. Heck you can't even seem to look at your own source...the CPI itself.

Milk futures: Better than gold - Jan. 4, 2012

The EPI Reflects Basic Economic Change | AIER If you look there the CPI itself is linked. And it seems I was wrong there, beef is up 11.5%, not 10. My bad.

Mainly I just seeing if people will use their brains and look for the answers themselves. My employees hate it too, they know when I'm asking them a question 95% of the time I already know the answer, I'm just looking to see if they either know, or can figure it out themselves without trying to bullshit their way through it.

Originally Posted by USCitizen

Of course there's inflation, we're exporting energy to other nations which is forcing us to pay more.
It's called the FREE MARKET; and IT'S GLOBAL!!!!
And since our tax dollars are building brand spanking new cities in Asia, the corps that have moved overseas NEED that energy.
But God forbid we should intervene in the Free Market.

Are all Cons so freaking blind to the deleterious effects of TFM?

Nope, we know there are negative effects to having a free market.

It is however, the best thing available, and 2nd place isn't even remotely close.

What you want, simply cannot exist. It's ok that you want, just understand it's a dream, nothing more, and nothing less.

You see you almost got it there for a second and didn't realize you even said it. It's in your own words quoted there, can you see what the problem truly is?

Originally Posted by USCitizen

Of course there's inflation...

jpn says otherwise... thus the title of this thread:

Have You Noticed? Still No Inflation! What Do the Austrians Say to That!?!

I just want him to explain why a respected news organization like CBS would print something like that story claiming that there is in fact inflation, when jpn is telling us there isn't.

Originally Posted by 9aces

Nope, we know there are negative effects to having a free market.

It is however, the best thing available, and 2nd place isn't even remotely close.

What you want, simply cannot exist. It's ok that you want, just understand it's a dream, nothing more, and nothing less.

You see you almost got it there for a second and didn't realize you even said it. It's in your own words quoted there, can you see what the problem truly is?

You may be correct because Mr. $20.00/barrel oil Trump has kept his lying mouth shut about this issue.

If I were pres, it WOULD happen because those corps would have to come back here in order sell a product/service to the US.
What they do in regards to other is THEIR business, what they do here is MY business.

OK, ok, I'm dreaming.

Inflation:

Industrial firms suffer from lack of demand for their product and the reaction is to shed jobs.

As jobs are shed consumers tighten their belts adding pressure to both industry and consumer spending.

Raising prices on the industry production would be pointless and simply lower demand even more causing more job loss.

The consumer market is well ahead of industry in sensing a shrinking dollar and starts much sooner in taking measures to preserve profits by raising prices and have been doing so for a significant amount of time now. Ultimately like a snow ball rolling down hill the rising prices can no longer be absorbed by the providers and consumers quality plummets, prices rise. and demand drops forcing closings and lay offs in this area as well. The mechanics are simple the solutions complex.

Much of the problem was created by political moves that masked the effect (for awhile) of the job loss caused by outsourcing our production off shore.

The moves on a broad scale allowed our citizens to make purchase far beyond their means stimulating a market with make believe money promoting theft in many areas on a scale never before reached. The cost of war put a cap on the activity and the walls came tumbling down.

Now those on the right who initiated and engineered the catastrophe have put a new label on the snake oil rummaged around used white wash on a few of their contenders and want us all to take one more ride on larceny express.

Originally Posted by 9aces

I guess I have to do your thinking for you, since you don't seem to be very good at doing it yourself. Heck you can't even seem to look at your own source...the CPI itself.

Milk futures: Better than gold - Jan. 4, 2012

The EPI Reflects Basic Economic Change | AIER If you look there the CPI itself is linked. And it seems I was wrong there, beef is up 11.5%, not 10. My bad.

Mainly I just seeing if people will use their brains and look for the answers themselves. My employees hate it too, they know when I'm asking them a question 95% of the time I already know the answer, I'm just looking to see if they either know, or can figure it out themselves without trying to bullshit their way through it.

Now I see why you are so reluctant to post your citations. They make you look foolish. Your first link is to a story about not milk prices, but the prices of milk futures.

But before you rush out to the nearest grocery store to buy every drop of milk in an effort to build your retirement nest egg, a clarification: Milk futures are not for the type of milk consumers bring home in gallon jugs. They're for a class of milk that is typically powdered or condensed and used in production of other products such as cheese.

Sheesh. I'm guessing you don't win any popularity prizes from your employees who probably spend most of their time laughing at you behind your back. Asking them questions you yourself have no idea the answer of.

Originally Posted by tsquare

jpn says otherwise... thus the title of this thread:

Have You Noticed? Still No Inflation! What Do the Austrians Say to That!?!

I just want him to explain why a respected news organization like CBS would print something like that story claiming that there is in fact inflation, when jpn is telling us there isn't.

So tsquare is now playing the innocent. Any inflation at all will prove that the Austrians were right. Is that it, tsquare? Is that what the Austrians were predicting three years ago and every year since? 3.6 percent inflation per year? Does that prove their predictions of "massive inflation" were right?
Does that make you glad you bought into Austrian economics hook, line, and sinker?

Originally Posted by jpn

So tsquare is now playing the innocent. Any inflation at all will prove that the Austrians were right. Is that it, tsquare? Is that what the Austrians were predicting three years ago and every year since? 3.6 percent inflation per year? Does that prove their predictions of "massive inflation" were right?
Does that make you glad you bought into Austrian economics hook, line, and sinker?

All attack, still no answer... the question is: are you going to demand a retraction from CBS or give up on your thread:

Have You Noticed? Still No Inflation! What Do the Austrians Say to That!?!

BTW:

Here is what I said almost two years ago

Originally Posted by tsquare

Inflation is called 'the curliest tax' and truly hits the poor the hardest. The economic policies of this administration has made massive inflation... inflation that many of you have never seen (not since 1979 -1980)... a 'done deal'

Here it comes...

The word hyper was never used... and if CBS is to be believed, inflation is at a level many of you have not seen before, and the rest of use have not seen since 1980.

Jimmy Carter 2.0

Originally Posted by tsquare

The word hyper was never used... and if CBS is to be believed, inflation is at a level many of you have not seen before, and the rest of use have not seen since 1980.

When's the massive inflation that we haven't seen since 1980 going to arrive? Eh?

Life for conservatives consists of walking around in a world that only proves their ideology if they can convince themselves that if they said "massive" instead of "hyper" then they were not proved wrong.

I guess. :rolleyes:

Originally Posted by jpn

When's the massive inflation that we haven't seen since 1980 going to arrive? Eh?

Life for conservatives consists of walking around in a world that only proves their ideology if they can convince themselves that if they said "massive" instead of "hyper" then they were not proved wrong.

I guess. :rolleyes:

= "I got nothing" CBS is right, and my thread claiming no inflation is at best a joke.

Thanks jpn...

Originally Posted by jpn

Life for conservatives consists of walking around in a world that only proves their ideology if they can convince themselves that if they said "massive" instead of "hyper" then they were not proved wrong.

It is amazing how frequently you invert the argument. The claim was "no inflation" and you've been proved incorrect. There has been massive inflation via QE1 and QE2.

I have repeatedly asked 2 questions you ignore. Now let me ask a 3rd question. Is it your position that increasing the money supply only has benefits?

Originally Posted by JohnLocke

It is amazing how frequently you invert the argument. The claim was "no inflation" and you've been proved incorrect. There has been massive inflation via QE1 and QE2.

I have repeatedly asked 2 questions you ignore. Now let me ask a 3rd question. Is it your position that increasing the money supply only has benefits?

Here we go again...
Where is the money supply increasing?
Into a bank vault and then going nowhere?
A big part of US inflation is not stopping goods that WE need from going offshore.
But then we would upset the 1% of 1% of those non-self-reliant lazy a$$es who make their money from watching their capital grow over seas.
But we wouldn't want them to actually work because then they would become fungible.

So if capitalists are so damned endowed by God with brilliance why can't they make money investing in the US?
Because they're no so intelligent after all.

Originally Posted by JohnLocke

It is amazing how frequently you invert the argument. The claim was "no inflation" and you've been proved incorrect. There has been massive inflation via QE1 and QE2.

I have repeatedly asked 2 questions you ignore. Now let me ask a 3rd question. Is it your position that increasing the money supply only has benefits?

You and tsquare are so cute! In my OP I wrote:

"The Fed tripled the money supply in order to prevent another Great Depression. It worked. Because they basically accepted Keynesian economics, they understood that when the economy is in a liquidity trap, inflation won't be a problem.
But Ron Paul and other of the Austrian school persuasion were convinced that if the money supply were tripled, then inflation would run rampant for sure."

So sure, I should have written my title to say no "rampant" inflation, or no "massive" inflation like tsquare promised, or no "hyper" inflation like the WSJ promised, but I assumed readers here wouldn't stoop to such childishness.
You proved me wrong indeed. :rolleyes:

Yes, there is a little inflation, thank god. Otherwise we'd probably be in a depression. That was never the actual issue as you well know. The issue was is there "massive" "hyper" or, as I wrote in my OP, "rampant" inflation.

The answer to that is no. The Austrians were wrong. Sorry.

By the way, Locke, if you're done now with your childish games, you ask if I only see benefits from increasing the money supply. No, I don't see only benefits from increasing the money supply. One has to apply measures such as that at the appropriate time. Like the ECB did in December which probably saved the Euro, at least for the time being. If the economy begins to boom (which it is not, yet, anyway) then the Fed will have to be careful to avoid inflation, as I posted several weeks ago. But they display far more concern with inflation than they ever do with unemployment, so you should have few concerns on that score.