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#6579439 - 06/08/12 11:07 PM Stagflation - the Kenysian Kryptonite
siskiyous6 Offline
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Registered: 11/20/04
Posts: 5845
Loc: Del Norte County, State of Jef...
http://www.foxbusiness.com/economy/2012/06/08/ready-or-not-stagflation-is-here/

The solution is Austrian - free markets, sound currency, (extremely) limited government - if we can avoid the Nation States killing us all as they fall over and collapse, and we can preserve our technology, this is the best news you will ever hate.
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#6579473 - 06/09/12 12:34 AM Re: Stagflation - the Kenysian Kryptonite [Re: siskiyous6]
2legit2quit Online   content
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Registered: 04/18/10
Posts: 11168
Loc: cold & forbidden
That seems fairly accurate.


Good luck to us all.
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#6579579 - 06/09/12 04:53 AM Re: Stagflation - the Kenysian Kryptonite [Re: 2legit2quit]
DigitalDan Offline
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Registered: 05/01/04
Posts: 18790
Loc: Yankeetown, Fl
Naw, I'd call it a 10X.
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#6579709 - 06/09/12 06:15 AM Re: Stagflation - the Kenysian Kryptonite [Re: DigitalDan]
Dawgin'it Offline
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Registered: 07/26/01
Posts: 122
Loc: Northern Utah
Stagflation is defined as a combination of high inflation and a stagnant economy. No question we currently have a stagnant economy, but high inflation too?? I dunno, but the current under 3% inflation rate is generally not considered a high at least by historical standards. Consequently, I personally find the article a bit of a stretch.

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#6579757 - 06/09/12 06:36 AM Re: Stagflation - the Kenysian Kryptonite [Re: Dawgin'it]
rockinkz Offline
Member

Registered: 12/24/04
Posts: 107
Low inflation rates and low interest rates are the product of govt. meddling with the economy. Remember the late 70's? High cost of money along with high inflation. Right now I think the problem is the folks with the money don't want to spend it because they're very nervous & holding onto cash.

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#6579967 - 06/09/12 08:06 AM Re: Stagflation - the Kenysian Kryptonite [Re: rockinkz]
siskiyous6 Offline
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Registered: 11/20/04
Posts: 5845
Loc: Del Norte County, State of Jef...
The real inflation rate is far above 3% - the article points out the manipulation of statistics by Government.

True inflation is easily measured by the loss of value of the currency compared to hard assets, like gold. And that has risen at much more than 3%.

Every penny of the $5 Trillion "stimulus" is inflationary pressure.
_________________________
Ignorance is not confined to uneducated people.

RAND PAUL 2016!

WHO IS
JOHN GALT?


LIBERTY!











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#6581939 - 06/10/12 05:15 AM Re: Stagflation - the Kenysian Kryptonite [Re: siskiyous6]
Dawgin'it Offline
Member

Registered: 07/26/01
Posts: 122
Loc: Northern Utah
Originally Posted By: siskiyous6
The real inflation rate is far above 3% - the article points out the manipulation of statistics by Government.

True inflation is easily measured by the loss of value of the currency compared to hard assets, like gold. And that has risen at much more than 3%.

Every penny of the $5 Trillion "stimulus" is inflationary pressure.


If that's the case, then the article makes even less sense, since gold prices have dropped over $300 per ounce since September 2011.

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#6582015 - 06/10/12 06:05 AM Re: Stagflation - the Kenysian Kryptonite [Re: rockinkz]
Oldelkhunter Online   content
Campfire Tracker

Registered: 09/28/04
Posts: 6900
Loc: North Carolina
Originally Posted By: rockinkz
Low inflation rates and low interest rates are the product of govt. meddling with the economy. Remember the late 70's? High cost of money along with high inflation. Right now I think the problem is the folks with the money don't want to spend it because they're very nervous & holding onto cash.


+1

Yes, I remember the Jimmy Carter years as well. I tried to buy my first house and mortgage rates were in the high teens.





















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#6582028 - 06/10/12 06:10 AM Re: Stagflation - the Kenysian Kryptonite [Re: Dawgin'it]
The_Real_Hawkeye Offline
Campfire Oracle

Registered: 06/12/02
Posts: 65162
Loc: Northern Florida
Originally Posted By: Dawgin'it
Originally Posted By: siskiyous6
The real inflation rate is far above 3% - the article points out the manipulation of statistics by Government.

True inflation is easily measured by the loss of value of the currency compared to hard assets, like gold. And that has risen at much more than 3%.

Every penny of the $5 Trillion "stimulus" is inflationary pressure.


If that's the case, then the article makes even less sense, since gold prices have dropped over $300 per ounce since September 2011.
A three hundred dollars drop isn't what a $300.00 drop would have been when gold was five or six hundred dollars per ounce. In modern (post QE) pricing, it represents a mere sixteen percent dip, which is well within the norm for metals over the years.
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#6582030 - 06/10/12 06:12 AM Re: Stagflation - the Kenysian Kryptonite [Re: Dawgin'it]
Bristoe Offline
Campfire Oracle

Registered: 10/12/05
Posts: 35791
Loc: The Bluegrass
Originally Posted By: Dawgin'it
Originally Posted By: siskiyous6
The real inflation rate is far above 3% - the article points out the manipulation of statistics by Government.

True inflation is easily measured by the loss of value of the currency compared to hard assets, like gold. And that has risen at much more than 3%.

Every penny of the $5 Trillion "stimulus" is inflationary pressure.


If that's the case, then the article makes even less sense, since gold prices have dropped over $300 per ounce since September 2011.


The value of a currency is determined by the quantity of currency in circulation.

Every dollar put into circulation makes an existing dollar worth a bit less.

Essentially, inflation is an invisible tax. When the government needs money, the Federal Reserve just adds it to the government's books. It creates money out of thin air.

That makes the money that's already out there worth less.

So,...when the Federal Reserve prints up a few hundred billion dollars and gives it to the government, you still have that $20 bill in your wallet, but it will only buy what $19.50 would before an additional huge lump of money was printed up by the Federal Reserve and given to the government.

The Federal Reserve extracts the value from your money by simply printing up more of it.

That's inflation.
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