Yes, incomes can rise 2-3% p.a., and housing prices can over 10-15% forever...and consumer spending can keep on going up and up, and education/health care prices can also go up faster than income appreciation and, and...
It all makes sense....(what, quite frankly, is stunning...is the "there is no inflation argument"...anyone who is breathing know this isn't so....saw the other day Business Week priced at $4.95!
We are in some freakin' inflationary/deflationary thing...and I am still trying to figure out what it means, but it seems mostly in the world of my world....I don't see where deflation benefits me, yet my kids diapers, cereal, my magazines, taxes, health insurance, kid's future college education...lots in stuff in my life going up..
Oh yeah, PC prices staying flat, but you get more crap...woohoo.... |
