Comments on: Feeling deflated? You ain’t seen nothing yet

By: Oblio

Oblio — Tue, 23 Dec 2008 21:34:39 +0000

Holiday treats from today’s WSJ:

Robert Lucas on the Fed v. The Liquidity Trap

http://online.wsj.com/article/SB122999959052129273.html

John O’Sullivan on Sarah Palin and the young Maggie Thatcher!

http://online.wsj.com/article/SB122999917373529125.html

By: Baklava

Baklava — Tue, 23 Dec 2008 16:45:52 +0000

The money quote:

One positive trend among the states in this economic decline is the reluctance to raise income taxes, fiscal analysts said.

“The only good news is that the politicians know it’s bad politically and bad for the economy to raise tax rates at a time like this,” Cato’s Mr. Edwards said.”

http://www.washingtontimes.com/news/2008/dec/23/states-set-to-impose-bevy-of-new-taxes/?page=2

By: Baklava

Baklava — Tue, 23 Dec 2008 16:45:28 +0000

The money quote:

By: Baklava

Baklava — Tue, 23 Dec 2008 16:13:22 +0000

Gray,

I love you man !

By: soupcon

soupcon — Tue, 23 Dec 2008 14:41:55 +0000

This is a word you don’t understand neo.

Deflation is a decline in the monetary standard, not lower prices.Deflation is caused when there is a lack of dollar liquidity,or, when the dollar is much too strong and the Federal Reserve fails to meet the demand for dollars.We would have to see gold below $350 an ounce before we experienced such an outcome, and we did have that before, from 1996 to 2002.Where is gold today?? Over $800.

The results of an inflation end of being the same as as a deflation, but the causes are very different, and the solutions are a mirror of each other.

By: Oblio

Oblio — Tue, 23 Dec 2008 13:13:15 +0000

Gray could be a good friend to have.

By: SteveH

SteveH — Tue, 23 Dec 2008 12:42:19 +0000

Hey don’t fear. This time we have a backup plan for the problem of people without food in their bellies or shoes on their feet. We’ll get praised by the state for “going green”.

Thats right. Just remind yourself that the worse off you are, the harder you’re working toward our goals.

By: Gray

Gray — Tue, 23 Dec 2008 06:48:34 +0000

All I can say is invest in your skills…

I’ve been in computers for 20 years.

But I can tile, do woodworking, dig, cook, sew, clean, work on cars….. etc.

God help us if I ever have to fall back on my skills:

ammunition reloading
marksmanship
brewing
distilling
adobe building
small-unit tactics and drills
bagpiping
Thai boxing
firearm repair

By: Oblio

Oblio — Tue, 23 Dec 2008 05:18:02 +0000

Smart guys I talk to seem to think it will be deflation followed by re-inflation. I believe in inflation: it is in almost everyone’s immediate interest, though is will be tough on bondholders, pensioners, and the value of cash in hand. Banks, creditors, and the Treasury need inflation. The nightmare scenario is the collapse of aggregate demand.

We are scratching our heads over what to buy.

By: jon baker

jon baker — Tue, 23 Dec 2008 03:14:58 +0000

Martin Bebow Says: “It is time to thing beyond national boundries.”
Typical left wing world government lover. If we only replace those national boundaries everything will be great…. I have news for you, Europe has been doing thing for a while with Muslims from Africa and the Middle East and now they are facing a Muslim future. The most popular name in Britain for new born baby boys is one of the seven or so variants of “Muhammed”. How do you think thats gonna work out for all concerned? I guess the commies behind the open borders think they can keep the Muslims under control. Morons.
As far as Mexico , thats already happening. Thats why I see those D$@$#@ Mexican flags flying all over my town. They are not leaving their Ethnic Nationalism behind. Of course, the US government has aided and abetted by authorizing the use of the “Matricular consular Card” in US banking. We have 5 million illegal aliens with home mortgages now. The US has allowed almost 50 stationary Mexican Consulates to be built in the US and they allow the Mexican government to send out “mobil consulates” to hand out more cards to Mexico’s colonizers. But the real intent is to overwhelm demographically the US Conservatives who actually believe in National Sovereignty at the voter booth- all en route to a glorious (sarc) World Socialist government run by the UN and the EU.