Thread: NewsFlash: Inflation Still Isn't a Problem

Originally Posted by jpn

Gee, who would have thunk it?

Going on four years now since many predicted massive inflation due to ill-conceived stimulus spending and easy-money policies by the Fed, inflation still has not shown up.

Those who predicted massive inflation were flat-out wrong.

They misunderstood economics. They failed utterly.

I have no doubt at all that they'll use their failed predictions as an incentive to re-educate themselves about economics. I have no doubt that those who trumpeted the failed predictions will now eschew those sources and instead start following the economists who were proved right.

If only the real world were like that. Sigh.

I guess those people don't buy anything.

Groceries seem inflated, but that isn't included.

But I am not an expert in economics. So a question to those who are. If you print more money, and if that money stayed in america as it used to do would this make a difference? Since most consumer dollars are sent overseas, well, probaby at least half of them, would this not affect inflation? If you print money but it leaves this nation, surely that has to affect inflation. Much of that money is not brought home to be taxed, and of course some goes to other nations that own the factories.

Originally Posted by jpn

Gee, who would have thunk it?

Going on four years now since many predicted massive inflation due to ill-conceived stimulus spending, deficits, and easy-money policies by the Fed, inflation still has not shown up.

Those who predicted massive inflation were flat-out wrong. Like the Wall Street Journal. Like Ron Paul.

They misunderstood economics. They failed utterly.

I have no doubt at all that they'll use their failed predictions as an incentive to re-educate themselves about economics. I have no doubt that those who trumpeted the failed predictions will now eschew those sources and instead start following the economists who were proved right.

I'm sure they'll fess up to their failure and begin examining economics through the theoretical view that proved to actually be right.

If only the real world were like that. Sigh.

Sigh, indeed.

Do you ever tire of being wrong?

QE1 commenced in November 25th, 2008. Since then:

Gasoline prices have more than doubled.
Crude oil prices have more than doubled.



Corn prices have doubled.
Soybean prices are up 60%.
Cattle prices are up 67%.

Gold prices have more than doubled ($820 - $1678).
Silver prices have more than tripled ($10.30 - $31.25).

It looks like the inflation of the money supply has had a large impact on necessities (fuel and food), and on precious metals (where anyone with sense has put any extra money not being spent on fuel and food).

Oh, and it has also created the largest bubble in the history of mankind - the U.S. Treasury bond bubble.

But keep babbling on about the government manipulated numbers showing no inflation, as it's comical to watch.

There is inflation, the government is just disguising it.

Alternate Inflation Charts

Originally Posted by Blue Doggy

Groceries seem inflated, but that isn't included.

But I am not an expert in economics. So a question to those who are. If you print more money, and if that money stayed in america as it used to do would this make a difference? Since most consumer dollars are sent overseas, well, probaby at least half of them, would this not affect inflation? If you print money but it leaves this nation, surely that has to affect inflation. Much of that money is not brought home to be taxed, and of course some goes to other nations that own the factories.

Old conversation.
Milton Friedman agrees with us and disagrees with the Free Market nuts, but because he agrees with us whilst stating he favors a Free Market, the nuts don't see it.
I'm commentating based on his video stating that FDR had nothing to do with the recovery from the Great Depression.

Every time inflation numbers show something the government doesn't want to see, they change the way they figure it. Too much is tied tied to inflation for them to let the rates go up on paper. Anyone who buys anything knows that prices are significantly higher on everything. i bought a few sheets of MDF yesterday. 31.50 a sheet. Last year at this time they were $23.

Prices on necessities have definitely outstripped income.

Originally Posted by Blue Doggy

Groceries seem inflated, but that isn't included.

But I am not an expert in economics. So a question to those who are. If you print more money, and if that money stayed in america as it used to do would this make a difference? Since most consumer dollars are sent overseas, well, probaby at least half of them, would this not affect inflation? If you print money but it leaves this nation, surely that has to affect inflation. Much of that money is not brought home to be taxed, and of course some goes to other nations that own the factories.

Most consumer dollars are sent overseas? Why do you believe that?

Originally Posted by jpn

Most consumer dollars are sent overseas? Why do you believe that?

Where are most products made?
Where is the CSR you call?

Originally Posted by smurf

Sigh, indeed.

QE1 commenced in November 25th, 2008. Since then:

Gasoline prices have more than doubled.
Crude oil prices have more than doubled.

Corn prices have doubled.
Soybean prices are up 60%.
Cattle prices are up 67%.

Gold prices have more than doubled ($820 - $1678).
Silver prices have more than tripled ($10.30 - $31.25).

It looks like the inflation of the money supply has had a large impact on necessities (fuel and food), and on precious metals (where anyone with sense has put any extra money not being spent on fuel and food).

Oh, and it has also created the largest bubble in the history of mankind - the U.S. Treasury bond bubble.

But keep babbling on about the government manipulated numbers showing no inflation, as it's comical to watch.

Shorter smurf: "I won't let reality get in the way of my ideology."

Originally Posted by jpn

Gee, who would have thunk it?

Going on four years now since many predicted massive inflation due to ill-conceived stimulus spending, deficits, and easy-money policies by the Fed, inflation still has not shown up.

Those who predicted massive inflation were flat-out wrong. Like the Wall Street Journal. Like Ron Paul.

They misunderstood economics. They failed utterly.

I have no doubt at all that they'll use their failed predictions as an incentive to re-educate themselves about economics. I have no doubt that those who trumpeted the failed predictions will now eschew those sources and instead start following the economists who were proved right.

I'm sure they'll fess up to their failure and begin examining economics through the theoretical view that proved to actually be right.

If only the real world were like that. Sigh.

There is only one problem with your premise. The CPI is not a very good indicator of inflation. The "shopping cart" the government uses is badly chosen, and even more dramatically used improperly.

The CPI focuses on approximating a cost-of-living index not a general price index. There fore when there is a recession people spend less and the cost of living does not increase, for those who spend less; they survived. Please note cost of living does not translate to standard of living. For the lower 30% of our citizenry their standard of living has deteriorated because it takes more money relative to their income to live.

In fact prices have gone up substantially, and because of changes to the way that the CPI is calculated, and because energy and food price changes are currently excluded from the Federal Reserve's calculation of "core inflation," that inflation is being dramatically underestimated.[7][8] The second argument is unrelated to the CPI, except insofar as the calculation of CPI is modified in response to a perceived overstatement of inflation.

So anyone who believes any of the figures in the links you provided are not negatively effecting the consumer they are wrong, very wrong.

Originally Posted by OldmanDan

Every time inflation numbers show something the government doesn't want to see, they change the way they figure it. Too much is tied tied to inflation for them to let the rates go up on paper. Anyone who buys anything knows that prices are significantly higher on everything. i bought a few sheets of MDF yesterday. 31.50 a sheet. Last year at this time they were $23.

My, those raskally government types are SO busy, cooking up fake numbers. Fake numbers on global temperatures and ice depths and atmospheric gases, fake numbers on prices, why, I bet they even faked Obama's birth certificate!

Thank god we have those few hard-bitten conservatives and Fox "News" to see right through all that fakery nonsense!

Originally Posted by OldmanDan

There is inflation, the government is just disguising it.

Alternate Inflation Charts

Is this the same guy who came up with the alternate polling data before the last election that got you conservatives all excited?