Lennart Thornros <lenn...@thornros.com> wrote: Money is not the issue. > The way they are handled and looked upon is. > As a .ashfield said there is inflation just that we use all sorts of > methods and stats to hide it. >
No, there is not inflation, and if there were, there are no methods or stats that would "hide it." Such notions are another example of preposterous conspiracy theories. If there were inflation, it would be in the interests of many powerful people in the Congress, on Wall Street, at banks and elsewhere to measure it. They would not keep their findings secret. In particular, right wing economists would plaster this data on the front page of the Wall Street Journal. Some of them have been saying for years that inflation is just around the corner, it will happen Any Day Now, and we have to take drastic steps to avoid it. They have been looking high and low for evidence of inflation to prove they are right. So far they have found none. Where there is a lack of demand, high unemployment, the banks pay practically no interest, and ordinary consumers are growing poorer year by year, inflation is unlikely. These conditions cause deflation instead, as they have done in Japan for the last 20 years. The Abe government is trying hard to go the other way and inflate by 2% per year. I do not think it is working. - Jed
