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

To: Road Walker who wrote (144744)	8/1/2014 7:30:50 AM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

That's a fallacy. Inflation is a monetary phenomenon. Being against inflation is entirely rational. Inflation almost always outpaces the income growth of the 99%, which means it almost always hurts the 99%. Inflation is used by governments to minimize debt burdens, which arise from spending more than they tax. Should eggs cost the same as 10 years ago? Yes, or less. Technological and process improvements in a healthy, free market will usually drive down prices and increase the standard of living for the 99%. This is most clearly seen in the technology industry. At the end of the day, inflationary policies drive up prices of everything, including stocks and other securities. Since the 1% own most of the stocks, they generally have incomes that outpace inflation, whereas the 99% have incomes that stagnate, while prices of the most common things in their monthly expenditures go up. Inflation is a pernicious monetary beast completely created and controllable by the government, but instead abused by the government creating a purely reverse robin hood impact. The fact that you and most Americans believe inflation is good for you is a symptom of just how thoroughly you have been sold the snake oil. I don't see you as any different than the climate change deniers who have been sold snake oil by the oil and coal companies.