TheDeeble
Guy on the Couch
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- May 6, 2007
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Inflation is something the major news medias seem to be mostly avoiding real discussion on so far as I can tell. And the left seems to be remarkably quiet on the subject also.
I've read two major points.
1. Whenever the recession is over and the economy starts to rebound inflation is going to become a major concern.
2. Much of Obama's spending thus far hasn't actually gone into effect and won't do so for a little while. When it comes into play inflation will, again, become a major concern.
As far as inflation goes I've seen everything speculated from minor inflation where it's more of a slight inconvenience to hyperinflation where it'll take a garbage bag full of cash to buy a gallon of milk and it will be far worse than the current situation we're trying to get out of.
I think it will be more than minor as you can't have a few extra trillion dollars chasing around the same amount of goods. But as for how bad, I'm personally not sure.
And to be fair, I read an interview with someone from the Obama administration (can't remeber if it was Geithner or whoever) saying they realized inflation is a risk, but they have some ideas to combat inflation when it comes around.
Your thoughts? I'm interested to know.
I've read two major points.
1. Whenever the recession is over and the economy starts to rebound inflation is going to become a major concern.
2. Much of Obama's spending thus far hasn't actually gone into effect and won't do so for a little while. When it comes into play inflation will, again, become a major concern.
As far as inflation goes I've seen everything speculated from minor inflation where it's more of a slight inconvenience to hyperinflation where it'll take a garbage bag full of cash to buy a gallon of milk and it will be far worse than the current situation we're trying to get out of.
I think it will be more than minor as you can't have a few extra trillion dollars chasing around the same amount of goods. But as for how bad, I'm personally not sure.
And to be fair, I read an interview with someone from the Obama administration (can't remeber if it was Geithner or whoever) saying they realized inflation is a risk, but they have some ideas to combat inflation when it comes around.
Your thoughts? I'm interested to know.