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Unrelated....kind of. I hear inflation is good. The economy needs inflation. Why is this? So what they are saying is that the dollar bill is the one thing you want to own to be worth less tomorrow than it is today? Is there another example of something we posses where we want this to be the case?

Inflation is good only because deflation is terrible. Deflation makes borrowing money really expensive. For a variety of reasons the inflation numbers you hear are overstated. So based on the CPI (consumer price index) if you hear inflation is 2% that means that it's probably actually a lot closer to 1%.

So inflation is bad for you in the sense that carrying cash costs money, but it's good for you in the sense that things in the overall economy would get ****ed (which would also be bad for you) if we got deflation and stuck in a deflationary cycle.

02-28-2012 , 06:38 PM

#1327

ncboiler

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Quote:

Originally Posted by prodonkey

if they did that, they would never know what happens.. they know the demographics that vote, and the few states that really matter ( the rest just always vote the same every year) and they pander to them

This is a good point an lol result.

02-28-2012 , 06:38 PM

#1328

pelicanpoker

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Quote:

Originally Posted by ncboiler

I get them from Spring break, the summer, and Christmas.

02-28-2012 , 06:39 PM

#1329

prodonkey

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what is our turnout, something like 30%?

02-28-2012 , 06:40 PM

#1330

ncboiler

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Quote:

Originally Posted by allinontheturn

Most inflation statistics do not count gas prices. However that is one of the biggest parts of any household budget.

Why does deflation make borrowing more expensive? What did we do when we had the gold standard? We seemed to get by with the exception that growth was real growth and not printing press growth.

02-28-2012 , 06:41 PM

#1331

ncboiler

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Quote:

Originally Posted by prodonkey

what is our turnout, something like 30%?

In a presidential election I believe it is somewhat higher than that.

02-28-2012 , 06:41 PM

#1332

Francis M.H.

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lol compulsory voting

02-28-2012 , 06:41 PM

#1333

ncboiler

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Quote:

Originally Posted by pelicanpoker

I've learned to live with it. It is just one of the reasons I am bitter towards most women.

02-28-2012 , 06:42 PM

#1334

allinontheturn

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Join Date: Nov 2008 Posts: 22,649

Quote:

Originally Posted by pelicanpoker

10% of your country votes os like that. Does that 10% truly reflect who the country wants in office?

In Presidential elections it's usually around 50% of eligible voters. In the off season elections it's closer to 30% iirc. And yes that does truly reflect who the country wants in office based on the type of system we have.

You have a more representative democracy because your representation is proportional to the votes a party gets. Ours is not. That's basically why we only have 2 party's and why turnout is so low. It's not that we "care" any less than Aussies, it's just the system we use.

02-28-2012 , 06:42 PM

#1335

prodonkey

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Quote:

Originally Posted by Francis M.H.

lol compulsory voting

land of the free bitches! lol

02-28-2012 , 06:43 PM

#1336

pelicanpoker

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Quote:

Originally Posted by allinontheturn

True this. While our $ continues to rise so do our interest rates. Families and mortgage owners are doing it tough. A normal weekly wage might be $1200 but $400 of that has to go to the bank of which $250 is interest alone. It is madness. Our dollar being better than yours just seems to makes us worse off really.

02-28-2012 , 06:45 PM

#1337

prodonkey

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Quote:

Originally Posted by allinontheturn

system sucks.. why I don't vote often.. do u want the giant douche, or a turd sandwich

02-28-2012 , 06:46 PM

#1338

nham

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Join Date: Sep 2008 Posts: 10,649

DOES ANYONE INTERESTING POST IN OMG ANYMORE

02-28-2012 , 06:46 PM

#1339

allinontheturn

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Quote:

Originally Posted by ncboiler

Because it's such a huge % of the household budget AND because it's so variable from quarter to quarter is exactly why it's not included in the one that most everybody pays attention to. Of course it's included in other statistics it's just not as useful. I'm not going to get baited into a Ron Paulish argument about this I'd rather have a terrorist cell in my basement. I just thought you honestly wanted to know.

02-28-2012 , 06:46 PM

#1340

pelicanpoker

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Quote:

Originally Posted by ncboiler

I've learned to live with it. It is just one of the reasons I am bitter towards most women.

most women arent your ex. I empathise tho.

02-28-2012 , 06:47 PM

#1341

Francis M.H.

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Quote:

Originally Posted by nham

DOES ANYONE INTERESTING POST IN OMG ANYMORE

including you? no

02-28-2012 , 06:48 PM

#1342

prodonkey

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Quote:

Originally Posted by nham

DOES ANYONE INTERESTING POST IN OMG ANYMORE

no, now move along

02-28-2012 , 06:48 PM

#1343

allinontheturn

'Merican Dullard

Join Date: Nov 2008 Posts: 22,649

Quote:

Originally Posted by nham

DOES ANYONE INTERESTING POST IN OMG ANYMORE

**** you

02-28-2012 , 06:51 PM

#1344

pelicanpoker

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Quote:

Originally Posted by allinontheturn

In Australia and a handful of other countries they get fined if they don't vote ... something like a couple hundred bucks o/s. Turnout is ~94%

Correct.

I turned up last time but didnt vote. Left the form empty, folded it in half and put it in the box. About 5 to 10% of votes are informal.

02-28-2012 , 06:52 PM

#1345

Francis M.H.

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Quote:

Originally Posted by pelicanpoker

Correct.

I turned up last time but didnt vote. Left the form empty, folded it in half and put it in the box. About 5 to 10% of votes are informal.

and youre telling us compulsory voting is a good idea

02-28-2012 , 06:52 PM

#1346

ncboiler

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Quote:

Originally Posted by allinontheturn

I didn't say anything about having a terrorist cell in my basement.

I can see why you would not want to have the biggest part of a household budget not included in an inflation statistic. (of course I am being sarcastic)

02-28-2012 , 06:53 PM

#1347

ncboiler

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Quote:

Originally Posted by pelicanpoker

most women arent your ex. I empathise tho.

I have found that most are

02-28-2012 , 06:53 PM

#1348

prodonkey

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Quote:

Originally Posted by pelicanpoker

Correct.

I turned up last time but didnt vote. Left the form empty, folded it in half and put it in the box. About 5 to 10% of votes are informal.

if u gonna waste ur time and go there, at least write in some cool votes

02-28-2012 , 06:53 PM

#1349

ncboiler

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Quote:

Originally Posted by nham

DOES ANYONE INTERESTING POST IN OMG ANYMORE

I suppose you consider yourself interesting?

02-28-2012 , 06:55 PM

#1350

pelicanpoker

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Quote:

Originally Posted by Francis M.H.

and youre telling us compulsory voting is a good idea

Sarcasm on the internet is hard

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