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originally posted in:Secular Sevens
1/5/2014 6:27:34 AM
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Edited by Elrond Hubbard: 1/22/2014 3:31:27 AMInflation is an inevitability and is thus not a valid excuse for not raising the minimum wage.
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Study the history of monetary policy and the origin of the Fed. Thanks.
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Edited by Elrond Hubbard: 1/22/2014 3:54:08 AMHow about [i]you[/i] do that? Or better yet, learn to troll?
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I already know it, kid.
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I doubt that.
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Try me, kid.
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I'm sorry but I literally laughed out loud when I read your post.
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I try.
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You claim to know, so the burden of proof is on you to prove yourself right, not me to prove you wrong.
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What're you twelve?
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Inflation is made on purpose in an economy because it is necessary. Inflation should be high enough where people are encouraged not to hoard their money and invest it, but not so high people's money becomes worthless.
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Uhm. No. Just no.
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Ummm, yea it does. Fiat Currencies in use today have a central bank to determine interest rates. They attempt to find the right balance. Now, Out of control inflation is not decided by the central bank and is a result of the rapid devaluing of a currency.
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>Fiat Currency >Manipulating interest rates >Devaluing the dollar >Private Central banks You support these things. You support the problem.
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Yishnog knows what's what.
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I think most economists have something of a vague idea...
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Then why don't the ones in your original post understand basic economics?
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Edited by cxkxr: 1/5/2014 6:35:43 AMIt makes me wonder... bc if they had even the slightest clue, they'd be discussing the real problem, instead of thinking of artificial temporary fixes that'll inevitably fail.
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Because you're smarter than them and everyone else on the website, right? Or is everyone else just a psuedointellectual?
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What? No. Most people are just indoctrinated with Keynesian philosophy, hence their disregard for the problem. Hell, they've been taught to believe said problem is necessary, toplel.
