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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (128460)	12/5/2012 6:36:09 PM
From: RetiredNow	Respond to of 149317

So having deflation in the technology industry is a bad thing? I love it that I can now do more on my iPhone than a Craw Super Computer of decades ago could do. Also, if the government got out of the business of inflating housing, then more people could afford homes without all this artificial stimulus of low rates, mortgage deductions, and everything else. If the Fed got out of the business of inflation, then maybe it wouldn't take two professional working spouses to get ahead and maybe one spouse could actually stay home to provide for the needs of the kids instead of having to hire nannies and daycare and all that jazz. Deflation and inflation both have their role to play, as do upturns and downturns. It's the hubris of the Fed and our Government to believe they can control the economy, which leads to all these massive bubbles and busts. We'd be better off without all their interference. Regulation, enforcing the law, trust busting, ensuring civil and worker's rights, and providing for low corruption, absolutely yes. Price setting, subsidizing, choosing winners and losers, absolutely NOT.