Author Topic: US inflation  (Read 2097 times)

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Offline wodgina

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US inflation
« on: May 08, 2011, 03:30:15 pm »
Has it been noticable?

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Offline TylerDurden

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Re: US inflation
« Reply #1 on: May 08, 2011, 04:06:42 pm »
All I heard was that the US was going to vastly increase inflation in order to partially wipe out its massive national debt. Not going to work in the long run, of course.
"During the last campaign I knew what was happening. You know, they mocked me for my foreign policy and they laughed at my monetary policy. No more. No more.
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Offline sabertooth

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Re: US inflation
« Reply #2 on: May 08, 2011, 08:28:06 pm »
Inflation is only part of the issue, I am a conspiracy crackpot who believes that there are big foundations/banks that working in concert to de-industrialize the United states, as well as impoverish the middle class and dumb down the population through sub standard education and junk food.

The cost of living is going up while wages are remaining stagnant(which points to inflation). The cost of energy is being artificially increased and is creating hardships for the working class. New energy technology is being suppressed, and the green movement is just a ploy to make us all except higher energy cost. As soon as the smart meters went in the prices began to soar. There is no doubt in my mind that since before the days of the Rockefeller monopoly of standard oil there has been an effort by the financiers to control and ration out power through artificial scarcity, speculation, and price fixing. I agree that if energy was made  too cheap then it would be squandered. There needs to be some methods of control , but If the proper geothermal power plants were constructed then there would be no need for such rationing.

Access to cheap gas and electric one of the things that made America so great; the fact that the average person could afford to drive virtually anywhere and have access to cheap sources of electricity, gave us great mobility , luxury and personal freedom. The new age of austerity is here to put an end to the age of cheap energy and is demanding that all energy sources be taxed into unaffordability.

« Last Edit: May 08, 2011, 08:35:52 pm by sabertooth »
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Offline Sitting Coyote

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Re: US inflation
« Reply #3 on: May 09, 2011, 04:37:09 am »
It depends.  In some things prices have certainly escalated.  I don't buy dairy often but occasionally buy ice cream, and I've noticed the price goes up a dime or two pretty much once a month.  Amazing, really. 

And of course the price of gasoline is going up with the price of oil.  Here in Vermont, USA it is about $4 per gallon for regular.  I don't own a car though, so I don't need to buy it.

On the other hand, consumer electronics are falling in price.  I recently went in to upgrade my cell phone, and the one I bought costed about $50, which was $30 less than the one I bought when I started my plan and it is much nicer.  So with electronics I seem able to get something better for less, while in food and energy I am getting the same product for more.

So whether inflation matters in a practical sense would depend on what someone is spending most of their money on.

Offline wodgina

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Re: US inflation
« Reply #4 on: May 09, 2011, 02:17:15 pm »
I've put money on US inflation.

Interesting to see what happens with the end of QE2.
“Integrity has no need of rules.”

Albert Camus

 

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