Is inflation looming?
10-30-2021, 06:50 AM
#71
Perennial Reserve
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Joined APC: Jan 2018
Posts: 11,503
Originally Posted by rickair7777
I think that's been recognized, which is why we're doing things like establishing domestic production of problematic microprocessors.
https://mdpi-res.com/d_attachment/su...y-10-01545.pdf
https://mdpi-res.com/d_attachment/ij...h-15-01162.pdf
https://www.sciencedirect.com/scienc...93791120302717
10-30-2021, 02:50 PM
#72
Gets Weekends Off
Joined APC: Dec 2012
Posts: 2,102
Originally Posted by SonicFlyer
Are you kidding? The dollar has lost 99% of its value since the Fed was created.
That ship sailed 100 years ago when the fed was created. What do you think would have happened with money supply if Congress did nothing when business were asked to close. Even had they not been asked to close? It’s not like I completely disagree with some of your arguments I’m just looking at this through the lens of the pandemic and going forward. And I agree with a massive reduction of printing $. That’s definitely part of the solution. It’s not going to be one policy that brings down inflation.
10-30-2021, 03:15 PM
#73
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Joined APC: Dec 2012
Posts: 2,102
Originally Posted by Excargodog
I’m not an expert in economics but I was trained in logistics. The just-in-time ordering that was a mainstay of the whole globalization concept has created an historically unique logistics situation where any node that fails now ripples far beyond where it once did with past less vulnerable parts and inventory systems.
https://sloanreview.mit.edu/article/...supply-chains/
https://www.abc.net.au/news/2020-08-...think/12529506
https://www.italy24news.com/News/238627.html
as the SEC makes everyone say, ‘past performance is no guarantee of future earnings.’ It would probably be foolish to believe that we can recover from logistics disruptions nearly as easily as we once could.
https://sloanreview.mit.edu/article/...supply-chains/
https://www.abc.net.au/news/2020-08-...think/12529506
https://www.italy24news.com/News/238627.html
as the SEC makes everyone say, ‘past performance is no guarantee of future earnings.’ It would probably be foolish to believe that we can recover from logistics disruptions nearly as easily as we once could.
11-05-2021, 07:50 PM
#76
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 39,292
Thing about long-term inflation...
Wages also rise. Inflation is just nature's way of rewarding those who actually work and punishing those who sit on hordes of cash (the later can be mitigated by investing your cash in things that grow).
Money is just a promise from somebody else to do something for you later... after enough time passes the people who made the promise in the first place are gone and their descendants aren't feeling as strongly about that promise from years ago. Use it or lose it.
There are forms of currency which DO have inherent value... precious metals, or cases of NATO 7.62 for example. Paper money does not however.
Wages also rise. Inflation is just nature's way of rewarding those who actually work and punishing those who sit on hordes of cash (the later can be mitigated by investing your cash in things that grow).
Money is just a promise from somebody else to do something for you later... after enough time passes the people who made the promise in the first place are gone and their descendants aren't feeling as strongly about that promise from years ago. Use it or lose it.
There are forms of currency which DO have inherent value... precious metals, or cases of NATO 7.62 for example. Paper money does not however.
11-06-2021, 07:29 AM
#77
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Joined APC: Apr 2017
Posts: 3,595
Originally Posted by rickair7777
Thing about long-term inflation...
Wages also rise.
Wages also rise.
11-06-2021, 09:00 AM
#78
Gets Weekends Off
Joined APC: Dec 2012
Posts: 2,102
Originally Posted by SonicFlyer
Yes, but they lag. And the early recipients of the new money get much more value from it than those who receive it after it has been in circulation a while. This is why going in to debt to acquire productive assets during a period of inflation is possibly the best move.
Last edited by fcoolaiddrinker; 11-06-2021 at 09:32 AM.
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