Posted: 4/3/2013 9:08:07 AM EDT
|
Does the younger generation even understand the meaning of the word inflation? Or is it even a generational issue? Do people not understand or care? When I talk to people about where it seems we are headed, they just seem to not even pay attention to the word?
What gives? |
|
Quoted:
Does the younger generation even understand the meaning of the word inflation? Or is it even a generational issue? Do people not understand or care? When I talk to people about where it seems we are headed, they just seem to not even pay attention to the word? What gives? What does inflation mean to you? |
|
Its not just inflation, they don't understand a lot of concepts. Thats why this administration can say the things they do and it doesn't raise an eyebrow. Thats why we repeat the same things that have historically never worked over and over expecting good to come of it and getting surprised when it doesn't work out. Posted Via AR15.Com Mobile |
|
To me it means the loss of purchasing power each dollar I earn has. It means the goods and services I pay for go up in price while the wage I earn doesn't so my money buys less over time.
So the loaf of bread I buy today for a dollar cost a dollar and half next week while I am still making the same amount of money. |
|
Quoted:
To me it means the loss of purchasing power each dollar I earn has. It means the goods and services I pay for go up in price while the wage I earn doesn't so my money buys less over time. So the loaf of bread I buy today for a dollar cost a dollar and half next week while I am still making the same amount of money. Raising prices/loss of purchasing power is a symptom of inflation. Inflation is an increase in the money supply |
|
Quoted:
Its not just inflation, they don't understand a lot of concepts. Thats why this administration can say the things they do and it doesn't raise an eyebrow. Thats why we repeat the same things that have historically never worked over and over expecting good to come of it and getting surprised when it doesn't work out. Posted Via AR15.Com Mobile Excellent post!......... 
People have gotten to "dummed down" to understand price inflation. And when it's going to happen, people...FSA...will act dumbfounded. |
| You are asking if the generation raised in the living room by video games while medicated on Ritalin and never had to work a day or do a chore in their life while their parents mortgaged everything so they could go to an out of state school with their Iphone and Ipad and Mac and get everything handed to them throughout college and then not get a six figure job after graduating with that philosophy degree they worked so hard to get and it is like 7 years of college down the drain must be Wall Street and rich corporations fault people, do they understand inflation? |
|
Quoted:
You are asking if the generation raised in the living room by video games while medicated on Ritalin and never had to work a day or do a chore in their life while their parents mortgaged everything so they could go to an out of state school with their Iphone and Ipad and Mac and get everything handed to them throughout college and then not get a six figure job after graduating with that philosophy degree they worked so hard to get and it is like 7 years of college down the drain must be Wall Street and rich corporations fault people, do they understand inflation? Hey I heard they are opening a new philosophy plant down the street. Bet they are hiring. 
|
|
Quoted:
Quoted:
You are asking if the generation raised in the living room by video games while medicated on Ritalin and never had to work a day or do a chore in their life while their parents mortgaged everything so they could go to an out of state school with their Iphone and Ipad and Mac and get everything handed to them throughout college and then not get a six figure job after graduating with that philosophy degree they worked so hard to get and it is like 7 years of college down the drain must be Wall Street and rich corporations fault people, do they understand inflation? Hey I heard they are opening a new philosophy plant down the street. Bet they are hiring. I LOL'ed! Posted Via AR15.Com Mobile |
|
It has no tangible meaning to a lot of folks.
Like the phrase "we are passing the debt on to our children" has less of an impact than the phrase "your kids will have their taxes go up 70% in the next 20 years" they control the language, and educate the children away from understanding the implications of the true economics. By the time they "feel" it it will be too late. |
|
Honestly I think this is one of those things where age and wisdom go hand-in-hand. You might *know* what inflation is, but unless you've felt it in the pocketbook for a few decades you can't really grasp the effect.
Also, I'd venture that many people who receive a regular cost-of-living raise or are on some sort of "assistance" that is keyed to inflation don't have a good idea of it's real effects. It takes actually paying people to produce products, and selling them in the marketplace to really get the picture. One of my primary reasons for believing that people who represent me in congress should damn well have proved themselves in business before heading to the Hill. (*cough*...Community Organizer...*cough*...) |
|
Quoted:
It has no tangible meaning to a lot of folks. Like the phrase "we are passing the debt on to our children" has less of an impact than the phrase "your kids will have their taxes go up 70% in the next 20 years" they control the language, and educate the children away from understanding the implications of the true economics. By the time they "feel" it it will be too late. Yup...they are to dumbed down to "feel" it until it's to late. |
|
IIRC, cursive isn't being taught in schools these days. They all print. How are the yoots going to philosophize on Are US oligopolistic markets really oligopolistic? Searching evidence of strategic interdependence or Magnitude of the impact of oil price changes in the levels of US consumption ?
Walking around with their noses stuck in their little phones they may be more able to understand this........... 
I remember being outraged when ground chuck broke a buck a pound. Tuesday night I cooked some burgers and 1.18# of 80/20 was $3.59. 
|
|
Quoted:
IIRC, cursive isn't being taught in schools these days. They all print. How are the yoots going to philosophize on Are US oligopolistic markets really oligopolistic? Searching evidence of strategic interdependence or Magnitude of the impact of oil price changes in the levels of US consumption ? Walking around with their noses stuck in their little phones they may be more able to understand this........... http://i13.photobucket.com/albums/a288/callgood/saupload_purchasing-power_thumb1_zps1be5f843.png I remember being outraged when ground chuck broke a buck a pound. Tuesday night I cooked some burgers and 1.18# of 80/20 was $3.59.
Remember when half gallons of ice cream weren't 1.5 quarts and five lb bags of sugar weren't four lbs? |
|
Quoted:
Does the younger generation even understand the meaning of the word inflation? Or is it even a generational issue? Do people not understand or care? When I talk to people about where it seems we are headed, they just seem to not even pay attention to the word? What gives? Hey a Canadian asking about inflation, what'll they think of next? Kidding ya. I thought the CDN was pretty stable. Anyways, I think that Inflation is a generational thing because now they hide it. Inflation's measurement is not the same as it was in the 80's and prior. They used to include food and fuel in the inflation number. If we did that today, it would be significantly higher than what is "reported" by our government. It's actually no different than the way they report unemployment. Does anyone actually believe that the actual unemployment percentage is under 10%? The number the government gives out, the U3, is in no way a true reflection of unemployment. As people drop out of the job market, the unemployment number goes down. |
|
Quoted:
What gives? We've had a good run since WWII.... Sure, we've had wars... or, I should say, they were called wars but, weren't really. We were simply beating up on smaller countries for various reasons. No, true chaos and war have not been in the U.S.... and even during WWII where the fears of invasion were real, it never happened here. I'd say that there is nobody alive in the U.S. that didn't immigrate here since then that knows what bad times even are. We have achieved so much in the country and have been given so much for so long that many think I can not be any other way than it is now. Who would be surprised that so many can't pull themselves away from their daily tasks to look around them and see how things have changed in the last few years. Anyone that points out what is happening to this country are marginallized, made fun of, whatever.... This works for our politicians since all they want to do is deflect attention away from the decay.... if or when it starts to implode, whoever is in power will wield even more power as it crumbles around us. The masses will cry out and the politicians will be given more and more power as they promise to save us from whatever is happening..... If it's to take our guns like they did in New Orleans during Katrina or anything else.... it only benefits our political class to ignore the problem..... until they can't. |
|
Quoted:
Quoted:
To me it means the loss of purchasing power each dollar I earn has. It means the goods and services I pay for go up in price while the wage I earn doesn't so my money buys less over time. So the loaf of bread I buy today for a dollar cost a dollar and half next week while I am still making the same amount of money. Raising prices/loss of purchasing power is a symptom of inflation. Inflation is an increase in the money supply This. OP, like most people, has been miseducated. He believes that the increase in the general price level is the problem and is unable to determine the cause of the phenomenon. That is no accident. It conveniently hides the responsibility for eliminating money as a store of value. |
|
Quoted:
Its not just inflation, they don't understand a lot of concepts. Thats why this administration can say the things they do and it doesn't raise an eyebrow. Thats why we repeat the same things that have historically never worked over and over expecting good to come of it and getting surprised when it doesn't work out. Posted Via AR15.Com Mobile You pose the question as a rational person. You can't look at it that way. Political solutions and real world solutions are very different. You can't look at whether the solution works or not.... it only has to be sold as a solution, the political outcome is what the politician is after. This is probably the most important thing to remember about our politicians. Any time you see a politician flip flop on any subject or do something that no thinking person would do, it is only because some form of influence has been wielded against his position. Our politicians are completely corrupt, immoral POS used car salesmen.... ( actually, that gives a bad name to used car salesmen... which I'm sure there are some good ones out there ) |
|
Quoted: if the government pays for all your goods, does inflation exist? Bingo. This Administration has done everything it can to discourage and punish financially-responsible people. Gov't/Fed has actually CREATED inflation by printing dollars out of thin air by the TRILLIONS (QE, QE2, QE3, QE4a, QE4b....) and kept interest rates at 0% which destroys any incentive to save. This punishes people who save money, because they earn virtually zero interest for their savings and at the same time, the money they DO save is "worth less" every year because inflation drives the cost of goods and services up every year. That $1,000 you put in the bank 5 years ago is now worth $900, and you probably earned $50 in interest over those years giving you a LOSS of $850. |
|
Quoted:
Quoted:
You are asking if the generation raised in the living room by video games while medicated on Ritalin and never had to work a day or do a chore in their life while their parents mortgaged everything so they could go to an out of state school with their Iphone and Ipad and Mac and get everything handed to them throughout college and then not get a six figure job after graduating with that philosophy degree they worked so hard to get and it is like 7 years of college down the drain must be Wall Street and rich corporations fault people, do they understand inflation? Hey I heard they are opening a new philosophy plant down the street. Bet they are hiring. I'll stick to Price Mart. 
|