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Why some inflation is good for the economy!
- Thread starter songsongpunggol
- Start date
Like steroids, inflation will make the economy sick and die early...
Like steroids, inflation will make the economy sick and die early...
About the liquidity trap bull$hit, I guess the textbook means that business face problems raising funds in a low/ zero inflation environment (ostensibly people will spend/ invest more when inflation rates are high)- however, this just forces people to waste $$$ on stupid purchases (things they don't really need) or invest in stupid business susceptible to closure any time the economy shivers (slight hiccup) simply because the goods and services that these business provided aren't in the first place useful (just some scams created to create phantom jobs or to utilize some government stimulus scheme)- in due course, having wasted their savings on either useless goods or unwise investments, these citizens when aged and poor will increasingly look towards the government (who in first instance printed $$$ to cause the inflation) for assistance- further increasing the burden on the government budget and reducing expenditure on say infrastructure or education.... Effectively miring the economy in the doldrums almost permanently... Thus, I cannot find any reason except the likeliness to the benefit of doping steroids to sport that government induced generalized price inflation can improve it the economy temporarily except by killing the self-same economy sooner eventually.
Pls see:
"Inflation is good for the economy" theory: bollocks I say!
Like steroids, inflation will make the economy sick and die early...
Firms unwilling to cut salaries to survive should just close down, why solve one problem with another only to create more problems down the road (increased rich poor divide, poor retires/ elderly) just to overcome some mental block over salary corrections by eroding faith in government (by devaluing currency), ultimately, the state ends up breeding a large group of disenfranchised citizens, upset with everything from the cost of property to the cost of living, ever dreaming of changing jobs, and more likely to support politicians who preach and practice pork barrel politics (due to the electorate's desperate circumstance)... That is the best way to lead a country into the doldrums... And we see many states doing that today, will not be surprised if gold price flies beyond USD 2000/oz (from the USD1241/oz it is today) when that happens in the near future as more states cut back on education and public services (police, fire etc) and increased civil unrest occurs... How about more kidnappings in Singapore? Perhaps desperation and craze (set fire to overturned police cars) is the new norm...
About the liquidity trap bull$hit, I guess the textbook means that business face problems raising funds in a low/ zero inflation environment (ostensibly people will spend/ invest more when inflation rates are high)- however, this just forces people to waste $$$ on stupid purchases (things they don't really need) or invest in stupid business susceptible to closure any time the economy shivers (slight hiccup) simply because the goods and services that these business provided aren't in the first place useful (just some scams created to create phantom jobs or to utilize some government stimulus scheme)- in due course, having wasted their savings on either useless goods or unwise investments, these citizens when aged and poor will increasingly look towards the government (who in first instance printed $$$ to cause the inflation) for assistance- further increasing the burden on the government budget and reducing expenditure on say infrastructure or education.... Effectively miring the economy in the doldrums almost permanently... Thus, I cannot find any reason except the likeliness to the benefit of doping steroids to sport that government induced generalized price inflation can improve it the economy temporarily except by killing the self-same economy sooner eventually.
Pls see:
"Inflation is good for the economy" theory: bollocks I say!
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Guess ALL governments love it- none can resist the temptation of printing money freely, especially when they can use it to pay the bogus economists to legitimize the whole scam/ fraud!
And the people swallow it - hook, line and sinker..... Sad!
Just noticed that TS is banned, dunno why though... Guess the economic theories that politically bent economist will spin won't be much dissimilar to the "inflation is good for economy" steroid like doping fraud.TS has any report to say that GST is good for the poor?
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Joseph Stiglitz says both developing and developed countries need to abandon inflation targeting or risk damaging their economies
MAY 21, 2008 • 11:19 AM
Another economic illusion bites the dust
Inflation | The Dog's Bollocks
Joseph Stiglitz, winner of the Nobel prize for economics in 2001, and a former chief economist of the World Bank, says both developing and developed countries need to abandon inflation targeting or risk damaging their economies.
MAY 21, 2008 • 11:19 AM
Another economic illusion bites the dust
Inflation | The Dog's Bollocks
Joseph Stiglitz, winner of the Nobel prize for economics in 2001, and a former chief economist of the World Bank, says both developing and developed countries need to abandon inflation targeting or risk damaging their economies.
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