No hyper inflation yet....

[OntarioVanMan]

Wholesale prices drop more than expected in July

By MARTIN CRUTSINGER | Tuesday, August 18, 2009

Wholesale prices dropped sharply in July, and over the past 12 months fell by the largest amount in more than six decades of record-keeping.

The Labor Department said Tuesday that wholesale prices dropped 0.9 percent last month. That's triple the decline economists had expected and was driven by big decreases in both energy and food costs. Over the past 12 months, the prices of goods before they reach store shelves fell 6.8 percent.

Rapid City Journal | Ap » Headlines | Wholesale prices drop more than expected in July

 

[greg334]

Yea we are in a deflation period right now, and possibly heading into a stagflation period soon.

 

[greg334]

No not really, actually it is a British creation. Some MP in 1965 used the word in a speech he gave about the economic conditions of that time.

I thought that all Canadians were required to learn the history of the United Kingdom.

By the way there is a claim that Neil Howe and William Strauss coined the phrase baby boomer somewhere in the 70's or 80s and redefined them from 1943 to 1960 but thats not accurate - it is from 1944(3) to 1963 or in other words between the first wave of returing GIs to the end of the Kennedy adminstration. The term, baby boom and baby boomer pre-dates their use of it by at least 12 years, the mid 1960s, which I have an article about population control written by Frank Simpson in June of 1964, who worked for CARE and he used the term in the article. He referenced Herbert Rosser of Rosser, Fetterman and Newberg advertising company as the origin of the term in the early fifties.

 

[Rabbit]

We are in uncharted territory, economically-speaking. No one's ever tried stimulus/quantitative easing at anything like the scale lately attempted. Reputable economists are all over the map as to what's going to happen next-- you hear everything from "a deflationary spiral and derpression remains inevitable" to "Hyperinflation is a certainty" to "We're all going to be just fine, and a new boom era is right on the horizon." And it's almost impossible to imagine a spread of opinions larger than _that_. Me, I'm a von Mizes kind of guy, in that I don't think that any conceivable government action can prevent a collapse at the end of a monetary-policy driven boom (which is precisely what we're seeing). All I think the stimulus and easing will do is increase our crushing debt-burden during the downturn. The only Americans making any sense on the economics end of things, strictly in my own opinion, are the teabaggers.

 

[greg334]

WHAT?

We have another one out there - you mean to tell me Rabbit you are another classic liberal?

 

[greg334]

so do I, but what do you think a classic liberal is?

 

[greg334]

Oh great you are another one who doesn't read my posts?

Look I will make it simple for you.

A modern liberal is a progressive.

The progressives are bad people who want to enslve people based on their station in life

A classic liberal is like a libertarian

Libertarians are tied to the legalize drug crowd and turn people off - hint Ron Paul is not really a republican.

Conservatives are for the most part part liberal, part libertarian and sometimes part nut. You can't have a fractured ideology that has differening opinions about the basic ideology of the movement and expect not to be fractured.

A classic liberal will always take the position that we must preserve the rights of the individual over the rights of the collective. Property rights come right after the rights of man. and on the economic front, the less intervention by the government then the better things work. Overall the federal government is supposed to be small, not big and it is our job to ensure it remains small. I do not believe in social welfare, but believe in directly helping others through my work, as did Carnegie, henry ford and others. It is the equality before the law, not material equality that matter.

If you want to read more, read Ludwig von Mises, Friedrich Hayek, and Milton Friedman. It is said that even though people like Reagan called himself a conservitive, he was in fact a near calssic liberal.

Rabbit mentioned he is a von Mises type of guy...

 

[mjolnir131]

i thought the boom was 15 may 46 til COB dec 61

 

[greg334]

Thats another way, most of the stuff I have all points to the first mass rotation of Army personal in the European theater which was late '43/early '44 to the end of Kennedy administration.

 

[Rabbit]

WHAT?

We have another one out there - you mean to tell me Rabbit you are another classic liberal?

Pretty much, yes, though I prefer the term "Libertarian" since the term "Liberal" was co-opted by the Left to mean big-government supporter, etc. Don't expect to see me much, though. I joined this forum to look over van expediting, and upon doing so have pretty much decided it's not for me. Bottom line is that I own a home and live it in alone, so being on the road more often than not just isn't practical-- it's an invitation to criminals, vandals, etc. Though I wish there were a way to finagle it-- otherwise, the career looks very appealing as a post-retirement gig.)

So, I only still come here 'cause it's so entertaining. Besides, how many other places can I go and have someone so correctly identify von Mises?