Reality of Inflation

Discussion in 'Economics & Trade' started by Nemiahsis, Oct 13, 2014.

  1. danielpalos

    danielpalos Banned

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    inflation is meaningless when wages outpace inflation. only alleged conservatives lack the IQ to understand.
     
  2. Ted

    Ted Banned

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    Danielbackwards strikes again. When wages outpace inflation it is very meaningful since we are then getting richer!! 1+1=2
     
  3. danielpalos

    danielpalos Banned

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    dear; i mean other inflation is meaningless when wages outpace inflation.
     
  4. Ndividual

    Ndividual Well-Known Member

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    The effect of inflation can vary greatly between individuals depending on where their spending must occur. While ones wage increase might exceed the reported inflation rate, their necessary spending can exceed both the reported inflation rate and their wage increase.

    Complex issues are seldom, if ever, solved by simple solutions but only made more increasingly complicated for those who later try to resolve them.
     
  5. danielpalos

    danielpalos Banned

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    you say that; but that would be special pleading and not the usual, all things being equal.
     
  6. Ndividual

    Ndividual Well-Known Member

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    So, in essence you are admitting that it is NOT special pleading, recognizing the incontrovertible fact that all things are NOT equal.
     
  7. Ted

    Ted Banned

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    danielbackwards strikes again with utterly nonsensical English. Does anybody know what the liberal is trying to say
     
  8. danielpalos

    danielpalos Banned

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    i am saying your argument is irrelevant, due to the special pleading; it does not hold true, ceteris paribus.

    - - - Updated - - -

    dear, why not acquire and possess, a clue and a Cause if you want to participate in adult conversations.
     
  9. Ndividual

    Ndividual Well-Known Member

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    Accept it or not, all things are NOT equal, and it is you who continues to ignore the shortcomings of your pleas.
     
  10. danielpalos

    danielpalos Banned

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    I know that; it is why public policies must function, ceteris paribus.
     
  11. Ndividual

    Ndividual Well-Known Member

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    And once again, all things are NOT equal.

    Your combining English and Latin makes no logical sense. labor omnia vincit
     
  12. danielpalos

    danielpalos Banned

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    still projecting. what is not equal about the law, besides application?
     
  13. Ndividual

    Ndividual Well-Known Member

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    We're talking about inflation, the reality of, NOT the law. Why try and change the subject?
     
  14. danielpalos

    danielpalos Banned

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    inflation is not a problem when wages outpace other price inflation.
     
  15. Ndividual

    Ndividual Well-Known Member

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    But that is not the case, the problem is that the number of variables that exist by which we each acquire our income and the variation of needs and wants which consume it can and do differ greatly between us, which is a more appropriate analysis of the reality of inflation.
     
  16. danielpalos

    danielpalos Banned

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    What is your solution to the problem of a lack of full employment in the market for labor?
     
  17. Ndividual

    Ndividual Well-Known Member

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    Less government subsidization would greatly reduce unemployment to a more manageable level.
    I think the words "You must obey this now for a law, that he that will not work shall not eat (except by sickness he be disabled). For the labors of thirty or forty honest and industrious men shall not be consumed to maintain a hundred and fifty idle loiterers." of John Smith at Jamestown in 1609 summed it up quite succinctly.

    The governments function should be one which creates and maintains an environment conducive to a competitive market which in turn would aid in reducing inflation by price competition between a greater number of businesses. High taxes and costly government regulations and other government imposed impediments reduce competition to only those who can afford the initial costs.
     
  18. danielpalos

    danielpalos Banned

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    Just force people to work to make the rich the richer?
     
  19. Ndividual

    Ndividual Well-Known Member

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    No force is being applied, it's more like a suggestion; continued existence requires ones own efforts. Redistribution of earned money to those who have earned little or none not only makes the rich richer, but helps to inflate the cost of living of both the employed and the unemployed.
     
  20. danielpalos

    danielpalos Banned

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    sounds like, wage slavery, to me.

    equality is a social concept.
     
  21. Ndividual

    Ndividual Well-Known Member

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    You are free to provide your needs/wants on your own if you don't wish to participate in production collectively.

    Equality is an achievement NOT an entitlement.


    While it cannot be denied that "all men are created equal" but once the sperm fertilizes the egg inequalities begin.
     
  22. danielpalos

    danielpalos Banned

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    i already do. you are welcome to stop complaining about a natural rate of taxation that corresponds with a natural rate of unemployment.
     
  23. Ndividual

    Ndividual Well-Known Member

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    Good for you.

    I've not complained, only pointed out the fact that there is no 'natural' rate of taxation or 'natural' rate of unemployment.
     
  24. danielpalos

    danielpalos Banned

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    the only reason we don't have a natural rate of full employment, is due to wealthy Capitalists wanting to become wealthier. How many positions does the private sector claim they can't fill at the pay rate they want to pay? There should be no, unfilled openings. If there are unfilled openings, management simply needs to do a better job.
     
  25. Ndividual

    Ndividual Well-Known Member

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    The ONLY reason? From what I've seen in the job ads there are many jobs ranging from low to high wage available, and just as many reasons they are difficult to fill. Even the higher paying jobs often go unfilled for a long time if employers can find no applicants suitable to fill them.
    Your intent appears to place blame on wealthy Capitalists, complaining that they aren't creating enough jobs, and if they do create more jobs complaining about their wealth increasing as a result.

    I seriously doubt that pay is much of an impediment in filling a job as employers can and often do make a higher pay offer to gain a desirable employee. After taking a test my past employer offered me a starting pay at the union rate paid to workers with 4 years of seniority instead of the unions contract starting wage.
     

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