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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (95887)11/24/2010 5:50:35 PM
From: CF Rebel2 Recommendations  Read Replies (1) of 224729
 
Economists are saying it will take until 2013 for inflation to get to 2%.

Yeah, they're the same idiots who couldn't see the recession coming. The government's meddling in the economy makes all predictions questionable and useless. Adherence to true free market principles, including The Rule of Law, should have already seen us through most of the bad that's coming. But the morons in government are price fixing stocks, bonds and real estate in a doomed attempt to preserve the fantasy-world status quo.

There's still a good chance of a hard bout of deflation before inflation really kicks in. If so, deflation will be in real estate, big ticket consumer items and who knows what else. It is possible that there will be concurrent inflation in foods and other commodities. Think, inflationary depression. That would be the moment of realization for Americans that the U.S. has become, economically, a third world country.

There's nothing more useless in today's economy than economists' predictions.

CF Rebel
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