3 tons wrote:
restlessways wrote:
3 tons wrote:
Well, consider that different folks are often at different stations in life - I prefer to see my house drop in value just to reduce future property tax increases - a rise in value goes me zero good whatsoever, but that’s just me :)
3 tons
Inflation, while a monetary phenomenon, is not possible without people like you who pay the inflated prices, then try to justify it on forums like this. You are just as responsible as anybody for the outrageous prices.
One is free to believe whatever they like, but you Sir are somewhat mistaken if you believe that inflation is some sort of ‘monetary phenomenon’… What confounds me (but sadly, to our country’s collective detriment…) is how least understood the fundamentals are which make up today’s financial and economic system - mostly because these fundamentals have not been taught!!… Truth is that (like it or not…), ‘phenomenon’ in this context confuses mere happenstance with a well planned methodology…
However, trust that I do share in your deserved frustrations…
3 tons
You might have been a little more convincing had you not failed to realize that the "monetary phenomenon" was a quote from Milton Friedman, a Nobel Prize winning economist. I suspect you're a little outside of your area of expertise.