MrRodgers -> RE: BREAKING: Ron Paul to Announce Presidential Candidacy Friday Morning on ABC Good Morning America 7 (5/13/2011 6:37:10 AM)
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ORIGINAL: Owner59 ^ See that`s yer problem.You think collarchat is reality.[:D] quote:
ORIGINAL: Musicmystery quote:
Not deflation- more like a currency devaluation. Like the cost of running a household has not gone up 10% this year. Some of us actually pay bills to run a household and those costs are at least 10% higher. See, here's your confusion. If instead of inflation, you said the cost to run a household had risen 10% due to increases in oil and food prices, I could agree (aside from that you made up the percentage of increase, but yes, they've risen and it makes an impact). Trying not to date myself but when I was 1st buying gas to cut lawns with as a teen,a gal. was 35 cents. In other words inflation happens.And will always happen.Even Ron Paul can`t make that go away or claim to be able to. Inflation in our monetary system is caused almost exclusively by speculation (via paper) in commodities. Core inflation in the US has otherwise been very reasonable. To the extent the feds would tax paper profits, would proportionally dampen inflation by a very large margin. But Ron Paul like all of the others, would much prefer...to stay alive.
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