--- In FairfieldLife@yahoogroups.com, Bhairitu <noozguru@...> wrote: > > On 05/22/2012 09:29 PM, authfriend wrote: > > --- In FairfieldLife@yahoogroups.com, wgm4u<no_reply@> wrote: > >> I think the treasury Secretary, Timothy Geithner reports directly to > >> Obama.... > >> > >> --- In FairfieldLife@yahoogroups.com, Bhairitu<noozguru@> wrote: > >>> On 05/22/2012 04:39 PM, wgm4u wrote: > >>>> By printing more money Obama cleverly 'steals' your money > >>>> from your bank by deflating the dollar. > > Hmm, I've always thought printing money results in > > *inflation*, not deflation. > > > > Fortunately, the runaway inflation the GOP has been > > screaming is going to happen hasn't. > > Do you compare food prices to what they were two, three years ago? Some > of us still have a memory system and can even remember what prices were > 10 years ago for food, gas, etc. Inflation is very much here but yes > not quite runaway yet.
Nowhere *near* runaway, Bhairitu. As I'm sure you're aware, food and gas prices fluctuate significantly regardless of the money supply, so they're often not included in measures of what's called "core inflation." Core inflation is vastly more important for the state of the economy--and it's still *very low* (2.3% as of April). Many economists say the economy would benefit if it were allowed to rise somewhat. But the GOP uses the threat of inflation as a scare tactic, so core inflation is kept down by the Fed, which prevents the economy from improving. <snip> > You can also gauge how things are going economically by the > "desperation" level you see even from online vendors including big ones > like Amazon who used almost never spam me. Now it is every day. I don't ever get spam from Amazon, and I'm a regular, frequent customer. Check your account preferences. Mine are set not to receive promotional emails.
