$100,000 Host Campers
$100,000 Host Campers We custom ordered our 2023 Everest through these guys but our cost was no way near what they are asking for the two listed on their website. We came from a Grand Design T...
Forum Discussion
I have total respect for uncle Milty (of the Austrian School of econ), yet what’s missing is the all important context, and note that he was not in every case 100% correct, as evidenced just prior to his passing he recounted just how wrong he was when advising Nixon to ditch the gold standard, but this just misses the point on what inflation is, why it exist and why as unlikely it may seem, most folks actually benefit from it (while voicing their complaints! ), much depends here on who’s financial oxen are getting gored - lol…
As inflation keep’s *bidding-up the price of things, home prices go up (as do folks estates!), while justifying higher wages and COLA adjustments, and inflation helps ensure that mortgages in their latter years get paid back with cheaper (depreciated) dollars, while for others, well paying jobs are lost (as inflation is seemingly combated by Gov’t, and in industry..), while hitting especially hard those living on fixed incomes (inflation, a thief that comes in the night!)…
* a key feature of ‘Rentier Economics’ (e.g. non-production based rent-royalty, service based - an appendage of pre-industrial medieval economics, rekindled post WW II…)…
Truth is that inflation is just another form of a planned tax (indirect, thus hidden..) that if taxed directly (as with the pre-revolutionary tax on tea!), folks would demand a sudden repeal…This is the actual means of how ‘promises’ are made…
A great discussion!
3 tons
As inflation keep’s *bidding-up the price of things, home prices go up (as do folks estates!), while justifying higher wages and COLA adjustments, and inflation helps ensure that mortgages in their latter years get paid back with cheaper (depreciated) dollars, while for others, well paying jobs are lost (as inflation is seemingly combated by Gov’t, and in industry..), while hitting especially hard those living on fixed incomes (inflation, a thief that comes in the night!)…
* a key feature of ‘Rentier Economics’ (e.g. non-production based rent-royalty, service based - an appendage of pre-industrial medieval economics, rekindled post WW II…)…
Truth is that inflation is just another form of a planned tax (indirect, thus hidden..) that if taxed directly (as with the pre-revolutionary tax on tea!), folks would demand a sudden repeal…This is the actual means of how ‘promises’ are made…
A great discussion!
3 tons
