Message:

<p>[QUOTE=&quot;cladking, post: 782811, member: 68&quot;]I&#039;d agree it&#039;s essentially the same thing.&nbsp; There are two important differences however.&nbsp; Price changes can be difficult to measure.&nbsp; How much has the price of fish increased when they add 50% water and 1% chemical to make it retain more water?&nbsp; How much have meat prices really increased if beef triples and everyone is eating chicken.&nbsp; How much does the price of caviar affectr things if no one can afford or the market collapses.&nbsp; How about when things go out of style and aren&#039;t made at all.&nbsp; Inflation is very difficult to gauge even under the most stable of conditions but in real life can be impossible and the reported change manipulated.&nbsp; How do you include the value of a commodity like the Hoover Dam.&nbsp; What is the current value of real estate compared to some other time.&nbsp; How do you measure the value of all the silver if you don&#039;t even know how much silver there is.&nbsp; </p><p><br /></p><p>All these things are ultimately reflected in GDP and recessions and boom times are self correcting as money changes value.&nbsp; </p><p><br /></p><p>The other problem is perception.&nbsp; It is perception which forms the basis of the value of money.&nbsp; It might take little more than a calamity in CA or a freeze in FL affecting grocery prices to have a huge impact on perception of the value of money as curtailed supplies pushed up the price of a few key commodities.&nbsp; So long as everyone knows that money is the result of wealth and productivity then changing prices will have relatively little impact on perceptions.&nbsp; </p><p><br /></p><p>It is saved money that IS the basis of capitalism.&nbsp; Why shouldn&#039;t the owners of this profitn thereby.&nbsp; It is capital that IS the basis of employment.&nbsp; Why shouldn&#039;t those who support a sound economy be rewarded.&nbsp; If inflation continues too high too long capital will simply evaporate.&nbsp; As an example the Hungarian economy was worth more than four quadrillion Pengo at it&#039;s peak inflationary price.&nbsp; The exchange rate made the entire economy worth less than $30.&nbsp; If you could find the sellers and force them to&nbsp; sell you could have bought the country for $30.&nbsp; How do you raise capital for needed infrastructure and industry in such an enviroment?&nbsp; </p><p><br /></p><p>Capitalists, stakeholders, workers, and investors are supposed to be rewarded rather than only bankers and government.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in