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Gresham
Penny Pincher Member
184 Posts |
 Posted - 04/27/2009 : 14:05:47
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This is the same article as the one posted by coinflation.com. Within the article the author mentions that low single digit inflation is concidered acceptable to policy makers (new word for politician?), but higher rates of inflation are too troublesome for business calculations or consumers to handle. When did it become acceptable to only rob me slowly? simillarly taxes becoming too burdensome at 40+ percent so we will let you off easy at 35 percent..
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Cody8404
Penny Hoarding Member
USA
602 Posts |
Posted - 04/27/2009 : 15:12:53
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It is a squeak factor.
How much can be stollen before too many people start to squeak.
Another way to say it is how much will people handle before they complain, and again how much will they take before they act.
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Awake, O kings of the earth! Come ye, O, come ye, with your gold and your silver, to the help of my people, to the house of the daughters of Zion, to the help of the people of the God of this Land even Jesus Christ. |
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Nickelless
Administrator
USA
5580 Posts |
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Delawhere Jack
1000+ Penny Miser Member
USA
1680 Posts |
Posted - 04/30/2009 : 17:51:17
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| Slow boil, the frog stays in the pot. |
"Educate and inform the whole mass of the people... They are the only sure reliance for the preservation of our liberty." Thomas Jefferson
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Nickelless
Administrator
USA
5580 Posts |
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Cerulean
Penny Hoarding Member
USA
993 Posts |
Posted - 05/01/2009 : 13:27:50
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quote:
Originally posted by Nickelless
Are there any major countries that DON'T have a central bank? That would solve the problem.
Gresham's Law. |
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why is low single digit inflation considered ok?
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