Obama is a retard. There's no other way to put it.

[Paydirt404]

1. Are you just talking about inflation here, or do you mean the dollar has weakened relative to other currencies? Because, on its own, inflation isn't even bad thing- I don't think an economy (outside of those communist or socialist ones that everyone is scared to death of) can function without it. On a very basic level, just think about a world where there's annual inflation of 100%. If you have $1M, you can either buy a $1M home today, knowing that it will be worth $2M nominally next year ($1M in today's dollars), or you can let the money sit in the bank, knowing that you're going to essentially lose half every year. Unless you're a dummy, you'll spend or invest the money asap. Then, someone else has the money, and has the same decision to make- he'll spend it asap. By the end of the year, 100 people might have earned and spent that $1M, which means that a lot of work has been done, and lots of things have been created. Compare that to a world where there's no inflation, or where there is deflation (say the dollar is becoming twice as valuable every year). There, you might be willing to loan the money, but you wouldn't be able to take any collateral as security, because it would be in people's interest to default (kind of like the housing market today). Plus, people wouldn't want to buy anything, because they would know that things will be cheaper next year.

Sorry for the crude, simplified, and inaccurate example- it is just meant to hopefully show that when Rush Limbaugh or Sean Hannity is shouting about all that's wrong with America, inflation isn't something that's clearly bad 100% of the time.

If you're talking about the dollar "weakening" as being worth less vs. other currencies, then either you are not quite crawling yet or it has strengthened in your lifetime.

2. What do you mean by "a crippled taxpayer"?

That was fairly easy for me to follow, greatly appreciated.

I'd like to see the yearly income of some of some our political posters.

[levdgg]

You're right. I apologize.

Conversely, you decided to go the vulgar route and prove yourself to be a "mildly informed ingnoramus" who clearly does not have enough confidence in him/herself to realize that although he/she did make an error in communicating what their original post was, it could easily be rectafied. Instead, you had to go the route that you chose. The fact of the matter is this...YOU ARE NO ONE OF IMPORTANCE HERE ON VG. IF YOU WERE, YOU WOULD KNOW BETTER THAN TO USE PROFANITY IN YOUR LITTLE "THREAT" THAT "OUR VG DAYS WOULD BE OVER". SO KNOCK IT OFF, YOU PETULANT CHILD, AND LET THE GROWN-UPS TALK.
.

I will consider accepting your apology as well. I took a lot for you to do that. I will also consider accepting your use of the word "rectafied."

[dsteve]

1. Are you just talking about inflation here, or do you mean the dollar has weakened relative to other currencies? Because, on its own, inflation isn't even bad thing- I don't think an economy (outside of those communist or socialist ones that everyone is scared to death of) can function without it. On a very basic level, just think about a world where there's annual inflation of 100%. If you have $1M, you can either buy a $1M home today, knowing that it will be worth $2M nominally next year ($1M in today's dollars), or you can let the money sit in the bank, knowing that you're going to essentially lose half every year. Unless you're a dummy, you'll spend or invest the money asap. Then, someone else has the money, and has the same decision to make- he'll spend it asap. By the end of the year, 100 people might have earned and spent that $1M, which means that a lot of work has been done, and lots of things have been created. Compare that to a world where there's no inflation, or where there is deflation (say the dollar is becoming twice as valuable every year). There, you might be willing to loan the money, but you wouldn't be able to take any collateral as security, because it would be in people's interest to default (kind of like the housing market today). Plus, people wouldn't want to buy anything, because they would know that things will be cheaper next year.

Sorry for the crude, simplified, and inaccurate example- it is just meant to hopefully show that when Rush Limbaugh or Sean Hannity is shouting about all that's wrong with America, inflation isn't something that's clearly bad 100% of the time.

If you're talking about the dollar "weakening" as being worth less vs. other currencies, then either you are not quite crawling yet or it has strengthened in your lifetime.

2. What do you mean by "a crippled taxpayer"?

so you buy the house for 1 mil, then its worth 2 mil but isnt 2 million dollars today, worth the exact same as 1 mil yesterday? arent the numbers just relative to the time?


the problem is that our money isnt backed by anything like GOLD thanks to the federal reserve. when they print useless paper, it makes the paper you have in your pocket worth less than what it was when you earned it. Thats why everyone is freaking out about inflation right now. they have vaults and vaults of printed money sitting unused, waiting for the right time to put it in circulation which will cause everything to go ape ****.

[fatbaby52]

so you buy the house for 1 mil, then its worth 2 mil but isnt 2 million dollars today, worth the exact same as 1 mil yesterday? arent the numbers just relative to the time?


the problem is that our money isnt backed by anything like GOLD thanks to the federal reserve. when they print useless paper, it makes the paper you have in your pocket worth less than what it was when you earned it. Thats why everyone is freaking out about inflation right now. they have vaults and vaults of printed money sitting unused, waiting for the right time to put it in circulation which will cause everything to go ape ****.

The point in my admittedly crude example is that inflation punishes you for sitting on money. If you know it's going to decrease in value, it becomes a hot potato. Yeah, you break even by buying the house, but it beats the alternative of having cash worth half as much.

As to money not being backed by gold being a problem, I disagree. I know that the right-wing talk radio guys love to promote the idea of returning to a "gold standard", but I don't think that anyone currently seriously thinks that would be a good idea. I don't think that there's one country who actually follows a gold standard.