Originally Posted by Scott Campbell
Originally Posted by Ray E. Strode
Jim!
The reason things cost so much is inflation. Our esteemed President Lyndon Johnson, before your time, decided to print more money.


No comment folks. Decide for yourself. Inflation rates averaged over their entire terms:

Johnson: 2.6 %
Nixon: 5.0 %
Ford: 8.7 %
Carter: 9.7 %
Reagan: 4.7 %
Bush: 4.4 %
Clinton: 2.6 %
Bush: 2.8 %
Obama: 1.5 %

Scott

Source: inflationdata.com


I visited that site and found there this definition:

"In common usage deflation is generally considered to be “falling prices”. But there is much more to it than that. Often people confuse deflation with disinflation or with Depression (as in “the Great Depression”). These three terms are related but not synonymous."
http://inflationdata.com/articles/2008/07/16/what-is-deflation/

I can suppose - what if current inflation rate 1.5 will turn to - 1.5 or close to it (the same but with minus), so, we will face a new Great Depression, right?

I'm Ukraine based, it's thousand miles away, but I'm concerned about it too cuz as said:
"If America has a head cold then other world has a pneumonia"

Last edited by Alek; 03/18/12 04:35 PM.
http://www.soundclick.com/aleksandrsaltovskiy