Thus said "Daniel C." on Fri, 05 Dec 2008 00:09:33 EST: > A small amount of inflation is healthy.
For whom? > It means that everyone's money (the amount they currently have) slowly > becomes worth less, and that's bad, but the overall benefit to > everyone - including the person who's sitting on their cash in various > investments - is "better enough" (sorry I'm operating on too little > sleep, you know what I mean) to make up for the slight loss of value. Tell that to people living on fixed incomes who are no longer able to make do with what they have. Contrast that with before, when the general trend was for those on fixed incomes to gain in purchasing power over time (due to innovations, technological advancements and general improvements in efficiency, productivity, etc...). Andy -- [-----------[system uptime]--------------------------------------------] 10:44pm up 4:44, 2 users, load average: 1.18, 1.12, 1.09 /* PLUG: http://plug.org, #utah on irc.freenode.net Unsubscribe: http://plug.org/mailman/options/plug Don't fear the penguin. */
