SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : View from the Center and Left
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Katelew who wrote (140485)7/8/2010 2:16:13 PM
From: Dale Baker  Read Replies (1) of 541836
 
So where do the higher prices and higher wages for all get paid for? You abhor deficit spending so everything in the world has to be strictly pay-go, yet you fear deflation as a result.

There is a theme running through much of what I read in economic posts lately, that there must be a magic reset button we can push that will right all the imbalances in our economy and make everything work in harmony with sustainable growth again.

Of course, the total lack of a sustained record of smooth growth in the past should be factored in there somewhere. Growth gives way to recession every 7-10 years.

Along with the total absence of defining what the magic BUTTON would do.

If you want to see deflation, just force a balanced federal budget in FY 2011 and watch the fur fly.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News