yes, technological deflation is destroying industrial work
at the same time that is capping inflation and thus interest rates, so you can have your cake & eat it too
yes, technological deflation is destroying industrial work
since you have a mortgage, inflation is actually your friendDBTrek wrote: ↑Tue Mar 09, 2021 11:59 amI'm not convinced inflation is capped at all.
I think publicly available inflation numbers are capped.
But I don't think you can increase your national money supply by 20% in a single year while your productivity is crippled by COVID lockdowns and walk away unscathed.
Guess we'll see.
Inflation is nice for mortgage payments.Smitty-48 wrote: ↑Tue Mar 09, 2021 12:06 pmsince you have a mortgage, inflation is actually your friend
there will be a demand side boom on the other side of the pandemic, with some inflation
ultimately tho, automation is driving wages & prices down, technology is deflationary
not to mention mass immigration which further suppresses it
bad if you are an industrial worker
but if you work in the information economy holding a mortgage, you will make out like a bandit in the end
Smitty-48 wrote: ↑Tue Mar 09, 2021 12:06 pmsince you have a mortgage, inflation is actually your friendDBTrek wrote: ↑Tue Mar 09, 2021 11:59 amI'm not convinced inflation is capped at all.
I think publicly available inflation numbers are capped.
But I don't think you can increase your national money supply by 20% in a single year while your productivity is crippled by COVID lockdowns and walk away unscathed.
Guess we'll see.
there will be a demand side boom on the other side of the pandemic, with some inflation
ultimately tho, automation is driving wages & prices down, technology is deflationary
not to mention mass immigration which further suppresses it
bad if you are an industrial worker
but if you work in the information economy holding a mortgage, you will make out like a bandit in the end
when I was growing up, the mortgage rates were 18-22%DBTrek wrote: ↑Tue Mar 09, 2021 12:12 pmInflation is nice for mortgage payments.Smitty-48 wrote: ↑Tue Mar 09, 2021 12:06 pmsince you have a mortgage, inflation is actually your friend
there will be a demand side boom on the other side of the pandemic, with some inflation
ultimately tho, automation is driving wages & prices down, technology is deflationary
not to mention mass immigration which further suppresses it
bad if you are an industrial worker
but if you work in the information economy holding a mortgage, you will make out like a bandit in the end
Sucks for buying food, gas, and clothes tho.
Maybe if the dollar crashes I can mail you some of my debased currency for those gold and silver Maple Leaves you all mint up there.
Damn, you're good.
Here, here