Message:

<p>[QUOTE=&quot;medoraman, post: 948514, member: 26302&quot;]You can disagree with me Cloud, that is fine. I don&#039;t have an hour or two here to give a presentation on it and answer everyones questions. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>&nbsp;</p><p>One point that is not arguable I believe is that inflation destroys the value of cash and bonds, while deflation destroys the value of housing, stocks, coins, and metals. Since most Americans effectively have negative cash due to their mortgage and own hard assets, inflation is much easier on them than deflation, given equal scope. I don&#039;t see how you are saying inflation destroys balance sheets, since most people&#039;s balance sheets are mainly negative cash and hard assets. Maybe YOU have a lot of cash, but most Americans do not. I am trying to explain the effect on the US, meaning most Americans.</p><p>&nbsp;</p><p>Myself I believe deflation is not a major worry. Inflation is much more likely. The lowering of debt is a reversion to the mean of the last 50 years. Also, inflating our way out of this means that the government creates inflation by devaluing our currency. Yes, private savings are hurt, but the real value of the national debt is decreased substantially, making it easier to service.[/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