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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (112086)	3/11/2008 4:28:20 PM
From: TimF	Respond to of 132070

As for the 6.50/hr job, the deflation came mostly in the medical. What I had for "free" then now costs me $1,500/mo in todays dollars PLUS the share we must pay added on top. So my medical was in essence...deflated away. No it was inflated away. Well the main point of course is that it wasn't free before, someone else was paying for it. But now your paying a lot more than they used to pay in nominal dollar terms, because a dollar is worth less, or in other words because there has been inflation. We aren't talking about balloons, or moods, we are talking about money. Deflation in this context has a rather specific meaning, and inflation, along with most of the examples you give are exactly the opposite of deflation. Maybe the higher prices deflate your mood, but that still doesn't make them monetary deflation.