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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (930212)4/12/2016 9:50:19 PM
From: Tenchusatsu1 Recommendation

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TideGlider

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CJ,
You seem to be predicting high inflation again.
I remember when John Fowler was complaining about a $400B/year deficit. He said back then that inflation was avoided because of productivity increases due to automation and the exporting of manufacturing to offshore places like China, but once that runs its course, then we'll be paying for these "massive deficits."

This was, of course, before Obama came into power and proceeded to rack up the national debt from $12T to $20T. All of a sudden, inflation was no longer a concern, nor was the federal deficit, which has now been "reduced" to $400B/year.

So yeah, inflation is still a concern, and it will probably rear it's ugly head sooner rather than later. We have avoided it for quite a long time, but there is no way we can continue down this path indefinitely.

Tenchusatsu
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