nevermind....
...I can see nothing I have said is passing the axons...no need to argue or debate any further.
Quote:
Originally Posted by BTM
Agree to disagree...but if your main issue (which you've repeated a few times now) is that the dollar has declined in value 98% in 100 years (a little over 1% inflation per year) then you clearly need to revisit some very basic economics, such that inflation is not only normal, but desirable. I'm not here to defend Bernanke (I frankly can't stand the guy or most Keynesian theory) but I'm here to contend that just because things haven't been great, doesn't mean we're all fucked, the world is over, and it'll never get better. GDP has been positive for the past 7 qtrs
Additionally, I think for those who understand it (which you clearly don't, since GDP is a manipulated metric rather than a simple equation), this following graph says a lot, especially from the "big picture"
(Graph is of US GDP PPP, source Frichmon for wikipedia) |