what happens to an economy without inflation?

[Massacure]

Can it eventually adapt?

[Name removed]

1. Deleted message

Message removed by moderator. Click here to review the message board rules.

[rogerashton]

3. I take it --

</ irony> ?

[PROGRESSIVE1]

5. Hey Dennis, I hear that your "man", Governor Arnie is a serial rapist!

Is that true?

He rapes women, he rapes, the state, and he rapes the taxpayer.

[rogerashton]

2. The conventional wisdom now is

that a gentle, permanent inflation -- one to two percent -- can be managed and will prevent sudden shocks from precipitating deflation and depression.

I'm old enough to remember when one or two percent inflation was considered a scandal (by Republicans) and 4%+ caused Nixon to go for wage and price controls.

[papau]

6. At the time- actually early 60's -MIT's Samulsen taught 1% to 2% was

expected as the cost to the economy for the delay between putting money in circulation via building plant, and taking money out of circulation via providing goods for purchase.

But the GOP always runs 10 to 20 years behind developments in science - and that is on good days when they are not simply into telling lies. The wage/price controls were passed after the great GOP charts were presented to the Congress showing how much you "lost" with 2% inflation - why after 35 years the same item cost you twice as much!

I still do not understand why some folks prefer "fun but dumber than a stick" to leadership by someone who might have a clue about the best path to follow.

[NMDemDist2]

4. with fuel prices so high, inflation is a given n/t