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Re: You have massive, out of control inflation?

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MahPizzaIsHere is not online. MahPizzaIsHere
Joined: 30 Apr 2011
Total Posts: 7707
22 Jul 2012 08:19 PM
Ima fix it for you. Raise your income taxes, cut spending, and sell securities.

Now you have no inflation.

You're welcome.

(LOL CARTER UMAD)
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
22 Jul 2012 08:20 PM
That is still economically stupid to not have inflation.

Little inflation =/= bad.
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MahPizzaIsHere is not online. MahPizzaIsHere
Joined: 30 Apr 2011
Total Posts: 7707
22 Jul 2012 08:22 PM
You're absolutely right, 1 to 2% a year is ideal.

I'll fix the title.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
22 Jul 2012 09:28 PM
That was why Reagan was super awesome at doing his job.
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Twigs180 is not online. Twigs180
Joined: 10 Mar 2008
Total Posts: 18664
22 Jul 2012 09:40 PM
Yo dawg, my name is Robert Mugabe, and I herd u liek mo money? So we printed mo money, to make mo money!
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Boeing717 is not online. Boeing717
Top 25 Poster
Joined: 08 Jun 2008
Total Posts: 70007
22 Jul 2012 09:55 PM
twigs

YAY I AM SUPER TRILLIONAIRE MAN THANK YOU MUGABE
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jbg23 is not online. jbg23
Joined: 21 Feb 2011
Total Posts: 2163
22 Jul 2012 09:56 PM
That was why Reagan was super awesome at doing his job.

_________

...after a terrible, terrible recession in the opening years of his presidency. He seriously wrangled that inflation out of the economy. It wasn't pretty.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
22 Jul 2012 10:12 PM
Exactly. That was a recession we needed. The recession was more or less a result of the decrease in inflation rate.
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jbg23 is not online. jbg23
Joined: 21 Feb 2011
Total Posts: 2163
22 Jul 2012 10:18 PM
And the mechanics by which he achieved it, haha. I would like to think that there are other, more gentle ways that he could have eased inflation. But I don't know enough about the context of the period. :/
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
22 Jul 2012 10:21 PM
Its like a train, people walking around freely is the economy at work. To stop the train, constant velocity is changed and everyone that is walking around it either trying to hold on to something or falling over and breaking their neck.

The only way to do this without causing some type of disturbance in the public, would be to strap everyone in their seats which involves removal of civll freedoms and nobody likes that.

However, these changes set the stage to 20 years of economic boom.
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jbg23 is not online. jbg23
Joined: 21 Feb 2011
Total Posts: 2163
22 Jul 2012 10:24 PM
I'm not so sure that's a great metaphor, haha. But your point is valid until I find some new information which would open up other possible inflation-killing measures.

After all, he didn't try the raise income taxes part.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
22 Jul 2012 10:25 PM
Therefore you cant say ALL recessions are bad.

Yes, they can result into terrible depressions and loss of confidence like the 1930s and 2008.

The recessions that happened in the '80s however are what made the 90s one of the greatest decades in all of history.
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jbg23 is not online. jbg23
Joined: 21 Feb 2011
Total Posts: 2163
22 Jul 2012 10:28 PM
By what metric?
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
22 Jul 2012 10:30 PM
elaborate on that question.
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DJVERY is not online. DJVERY
Joined: 25 Nov 2011
Total Posts: 3833
22 Jul 2012 10:32 PM
STOP!Jūs sprogstamasis mano smegenys!
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jbg23 is not online. jbg23
Joined: 21 Feb 2011
Total Posts: 2163
22 Jul 2012 10:33 PM
I'm just curious what statistics you refer to when you say the 90s were one of the greatest decades in our history.
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pepper0 is not online. pepper0
Joined: 01 Sep 2007
Total Posts: 12032
22 Jul 2012 10:35 PM
Economically and Culturally.

It was the decade that created the internet, the fall of the Soviet Union, the US ending up with a SURPLUS of money and paying off the debt was inevitable.

What brought this boom to a halt was, in my theory 9/11, and the Bush tax cuts.
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jbg23 is not online. jbg23
Joined: 21 Feb 2011
Total Posts: 2163
22 Jul 2012 10:55 PM
I'm not such a fan of Reagan generally because of his tendency to centralize power, despite rhetoric to the contrary. He was the last Nation State president, after all.
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Avogadro is not online. Avogadro
Joined: 14 Nov 2010
Total Posts: 4011
22 Jul 2012 11:40 PM
LADIES AND GENTLEMEN, THE MOST BASIC RULE OF ECONOMICS:

MO MONEY MO PROBLEMS
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Laurisreinho is not online. Laurisreinho
Joined: 31 Jan 2009
Total Posts: 6914
23 Jul 2012 06:32 AM
^ The more people waste money the better economic.
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MahPizzaIsHere is not online. MahPizzaIsHere
Joined: 30 Apr 2011
Total Posts: 7707
23 Jul 2012 09:45 AM
LADIES AND GENTLEMEN, THE MOST BASIC RULE OF ECONOMICS:

MO MONEY MO PROBLEMS

_______

...unless more money is chasing more goods. That won't create inflation.
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Twigs180 is not online. Twigs180
Joined: 10 Mar 2008
Total Posts: 18664
23 Jul 2012 11:18 AM
>Rap song
>No one gets it
sign
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jbg23 is not online. jbg23
Joined: 21 Feb 2011
Total Posts: 2163
23 Jul 2012 12:12 PM
lol twigs umad
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