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To: SouthFloridaGuy who wrote (77814)4/17/2008 1:08:24 PM
From: koan  Respond to of 116555
 
Long Island guy: "Depends on what your definition of inflation is. Last I checked people's wages aren't going up so if they are already over-burdened with debt service, not sure how interest rates rising solves anything.

It's like stabbing somebody who has already been fatally shot."

koan: Inflation:

Dictionary.com Unabridged (v 1.1) - Cite This Source - Share This
in·fla·tion Audio Help /?n'fle???n/ Pronunciation Key - Show Spelled Pronunciation[in-fley-shuhn] Pronunciation Key - Show IPA Pronunciation
–noun

1. Economics. a persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency (opposed to deflation).

2. the act of inflating.

3. the state of being inflated.

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[Origin: 1300–50; ME inflacio(u)n < L inflation- (s. of inflatio). See inflate, -ion]
Dictionary.com Unabridged (v 1.1)
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2006.
American Heritage Dictionary - Cite This Source - Share This in·fla·tion Audio Help (in-fla'sh?n) Pronunciation Key
n.
The act of inflating or the state of being inflated.
A persistent increase in the level of consumer prices or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.





To: SouthFloridaGuy who wrote (77814)4/17/2008 1:58:05 PM
From: koan  Respond to of 116555
 
I didn't mean inflation solves anything. Inflation is terrible as it robs the poor. I am just reporting what I see.

I think the economic policies of the last 30 years and especially the last 8 have been suicidal and have done huge damage to the US financial position.

Just reporting: I do think what will save us, to a large degree, will be our agricultural production and our gigantic supplies of coal which will soon be turned into oil out of neccesity.

Bread belt thrives, while rust belt starves.

People in the rust belt, badly needing work, should get in their car, if possible, and drive to Alaska where there is a lot of work.

I am told Alaska avoided the last depression almost entirely. It will do so again.