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<p>[QUOTE=&quot;mikem2000, post: 1911121, member: 30574&quot;]Well, yeah that is what folks think of right away, prices are going up, inflation must be the problem.&nbsp; but I have the tough side of the argument.&nbsp; I also believe it is much deeper than that.&nbsp; The paycheck changes.&nbsp; I want to put this out to the big picture..&nbsp; I see little sense to say &quot;Well, i haven&#039;t gotten a raise for three years so you are wrong.&quot;&nbsp;&nbsp; It may very well be true that thee has been no raise in three years, but you forgot about the 10% raise you got in 1981, it all counts.</p><p><br /></p><p>So lets go back to 1975.&nbsp; Joe has been living from paycheck to paycheck since then.&nbsp; That paycheck has also increased in size.&nbsp; You can see where I am going with this.&nbsp; &nbsp; Now, I am not sure how many spins around the sun you have been here for, but I remember 1975, I can tell you the standard of living is just flat out better now.&nbsp; You can argue that point, but I think I am correct. Just for an example, I bet you have bought a Brand new car sometime in your life, maybe several, most people have. Well my Dad never did, in fact he didn&#039;t have a car at all until 1972, before that, it was the BUS.&nbsp; I don&#039;t think a valid point can be made that our stadard of living has not improved over the years.</p><p><br /></p><p>So the paycheck has been expanding and the cost of goods has been inflating, but somewhere along the line the standard of living got better.&nbsp; How did this happen, the average consumer does have more BUYING power now.&nbsp; Now there are fluctuations from year to year and it is not smooth, but things are better.&nbsp; They are better than 1975, much better than 1950, and MUCH, MUCH better than 1925.&nbsp; In all those years we have been in an inflationary environment, yet things&nbsp; were very positive for the consumer in the longer bigger picture, so I submit, that mild contolled inflaton is not the problem.&nbsp; Thing have been improving </p><p><br /></p><p>To take it further, it was probably the very inflation that has allowed for the improve standard of living.&nbsp; Our economy works best with mild inflation, it is necessary to expand the money supply.&nbsp; If the reverse were true, and were in 75 years of deflationary times,&nbsp; it is highly unlikley the buisness&#039;s would have been able to expand and grow and allow the standard of living to improve.&nbsp; Rembember that absolute worst times in American history have been in deflationary periods.&nbsp; </p><p><br /></p><p>So....&nbsp; If inflation has this history of not hurting us in the past, why would it be the culprit now.&nbsp; Also, just to be clear, i am taking about mild, controlled inflation.&nbsp; I totally agree high inflation can cause big problems.</p><p><br /></p><p>Oh yeah,&nbsp; I forgot one more thing.&nbsp; If inflation is so bad, why are the American people hurting so much now, when we have had 4 years&nbsp; of historically low inflation.&nbsp; The problem is the economy, not inflation.[/QUOTE]</p><p><br /></p>

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