SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (1494364)10/18/2024 4:38:19 PM
From: Bill4 Recommendations

Recommended By
FJB
golfer72
longz
miraje

  Read Replies (4) | Respond to of 1570734
 
Yes, I would like to see groceries and energy and healthcare deflate to where they were when there was a competent presidency.

Anyone who doesn’t is an idiot.



To: Tenchusatsu who wrote (1494364)10/19/2024 4:13:22 AM
From: i-node3 Recommendations

Recommended By
longz
maceng2
miraje

  Read Replies (2) | Respond to of 1570734
 
>> So you think the solution is deflation. Brilliant Bill. EOM

Inflation is the worst thing that can happen to an economy. Because no one ever gives you a refund on what it costs you. That money is gone forever.

If you're on SS, perhaps you get a COLA out of the deal, but that doesn't make up the difference, no matter what you're told.

If people get raises, great. But reality is that raises without increased productivity simply drag out the problem. The inflation rate today is still high. Many people on fixed income continue to suffer because their costs of living have gone up but their income less or maybe even regressed.

Deflation is a problem now because we are in so fucking much debt -- they've added 1/3 of a trillion in debt since the beginning of this month. Which bears interest from now on. Forever.

You can't just blow inflation. It is an economic calamity that is unmatched for the damage it does to the economy and those at the bottom of the economic spectrum.