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Discussion Starter · #1 ·
.....that's a no-brainer.

Higher inflation is bad for the economy...another no-brainer.

Brainiac this - "those" in the world who have an explicit desire to ruin America's economy, or the economy of anyone else outside of their "beliefs", can be construed as being too closely associated with member nations of OPEC....Uhmmmm, a movement within OPEC to ruin America?.....run with it....

And oh yeah.....stay away from Wall Street on this one. And also away from the blah blah blah of accounting practices, economies of scale justifications, the bio-political ****, admin bashing, biased blogging, etc.

Ok, now you can run with it.....
 

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OK I'll bite...whats the GPN?????
Lets look instead at the GNP. If you simply look at a 4% increase unquestionly then you think we are doing just great. However, if we look at two factors: 1. Government spending as a part of the GNP we notice a sharp increase since the Bush Administration took office. This of course elevates the GNP figures and 2. According to the Concise Encyclopedia of Economics:

Economists trying to explain government spending have recently attributed it to special interest coalitions lobbying the government to transfer wealth to them.
 

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Rising energy costs drive up inflation...

Really? Gee, it might help if the Fed would quit printing money like some third world banana republic...
 

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Here, let's really drop a turd in the punch bowl...Inflation? Bring it on, and a corresponding increase in interest rates while we're at it...Better sooner rather than later, we're living in Lala Land, the age of speculation with someone else's money...It's a fun ride until it stops...
 

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Current Inflation Rate
Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Ave
2006 3.99% 3.60% 3.36% ;
2005 2.97% 3.01% 3.15% 3.51% 2.80% 2.53% 3.17% 3.64% 4.69% 4.35% 3.46% 3.42% 3.39%
2004 1.93% 1.69% 1.74% 2.29% 3.05% 3.27% 2.99% 2.65% 2.54% 3.19% 3.52% 3.26% 2.68%
2003 2.60% 2.98% 3.02% 2.22% 2.06% 2.11% 2.11% 2.16% 2.32% 2.04% 1.77% 1.88% 2.27%
2002 1.14% 1.14% 1.48% 1.64% 1.18% 1.07% 1.46% 1.80% 1.51% 2.03% 2.20% 2.38% 1.59%
2001 3.73% 3.53% 2.92% 3.27% 3.62% 3.25% 2.72% 2.72% 2.65% 2.13% 1.90% 1.55% 2.83%
2000 2.74% 3.22% 3.76% 3.07% 3.19% 3.73% 3.66% 3.41% 3.45% 3.45% 3.45% 3.39% 3.38%
Get more Historical Data from InflationData.com
 

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Rising energy prices doesn't drive inflation at all. It's what the government does in response to rising energy prices that drives up inflation.

If there is a fixed amount of money and prices go up in one sector they must go down in another sector.
 

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[q]If there is a fixed amount of money and prices go up in one sector they must go down in another sector.
[/q]

Problem is there is not a fixed amount of money and now that the M3 numbers are no longer revealed inflation is best calculated against the price of gold. Anyone know the current price of gold?

Fritz you got a graph?
 

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This one has some pretty colors for Etouffee, and helps put things in a longer term perspective:

 

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[Q]CSLUG originally wrote:
Graphs are fun, here's the one I was looking for... no neat colors.

[/Q]

Can you eat gold, Midas?

(Incidently, that graph illustrates one of the fundamental ways to lie with statistics, the cut off axis).
 

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[q]Can you eat gold, Midas?
[/q]

Why yes I can eat gold.... A human can eat anything it wants too.

It may not be nutrious but yes eating many things is possible....
Take for instance your ability to eat scheit everytime you post...

Now I prefer to take my gold and buy delicious food... I don't know what you'll get trading your meal.[grin]
 

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[q]Why yes I can eat gold.... A human can eat anything it wants too.

It may not be nutrious but yes eating many things is possible....
Take for instance your ability to eat scheit everytime you post...

Now I prefer to take my gold and buy delicious food... I don't know what you'll get trading your meal. [/q]

Then you should take all your gold and run to Freshfields and get your stuff, and not let anymore value accumulate in that gold...
 

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Discussion Starter · #19 ·
So, y'all wanna break the ground rules for this thread, and additionally call the new Chairman of the Fed Reserve a liar to boot, it's your bag. Disappointing to say the least, but your bag nonetheless.
 

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[Q]BigWillJ originally wrote:
So, y'all wanna break the ground rules for this thread, and additionally call the new Chairman of the Fed Reserve a liar to boot, it's your bag. Disappointing to say the least, but your bag nonetheless.
[/Q]

Who gave you the right to make the rules?
 
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