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Join Date: Oct 2006
Location: Colorado, USA
Posts: 8,279
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Is it really possible to inflate/devalue our way to prosperity?
Clearly, the strategy seems to be to ignore inflation, and make no effort to stablize the US dollar.
That seems to have some short term benefits, and push off pain to a later day. But is it really a good plan for the long term? Has it ever been successfully done, anywhere in the world, long term? |
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10-19-2007, 03:38 PM
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Brazil
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Steve Sapere aude 1983 3.4L 911SC turbo. Sold |
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10-19-2007, 03:41 PM
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Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,533
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Playing the rate of exchange game is a dangerous one...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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10-19-2007, 05:44 PM
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Join Date: Jul 2003
Posts: 4,247
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remember when 1,000 dollars used to be a lot of money?
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10-19-2007, 05:56 PM
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Super Moderator
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Quote:
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Chris ---------------------------------------------- 1996 993 RS Replica 2023 KTM 890 Adventure R 1971 Norton 750 Commando Alcon Brake Kits |
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10-19-2007, 06:04 PM
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Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,533
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Quote:
Still is...just ask everyone here to send you a check in that amount for nothing in exchange. Don't hold your breath waiting for the envelopes to arrive.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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10-19-2007, 06:53 PM
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Registered
Join Date: Dec 2002
Location: www.fakelife.com
Posts: 1,672
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+1. $1,000 is a lot of money....
Quote:
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I turn away with fear and horror from this lamentable sore of continuous functions without derivatives. --Charles Hermite Fakelife.com Nothing to do with archery anymore. Porsche/BMW/Ferrari/Honda videos |
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10-19-2007, 06:57 PM
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Join Date: Aug 2004
Location: Andover, NY
Posts: 1,350
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I am accepting envelopes with as little as $20.
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Alexander '75 911S Targa '86 951 SOLD |
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10-20-2007, 09:12 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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I will accept envelopes with ANY amount of money in them....
A cheap $$$ means that the price of US goods and services are cheap in the world market place. Much to the Europeans chargrin. Notice that the $$$ to yen has remained roughly the same for years. Also with the devalueing of the $$$ anyone left holding them or US Treasury Bonds has paid for the war in Irawreck in a roundabout way.
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Copyright "Some Observer" |
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10-20-2007, 10:27 AM
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Join Date: Sep 2002
Location: dfw tx
Posts: 3,957
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Why would Europe worry, the Euro is still strong and holding purchasing value. The price of oil in Euro's is probably pretty constant, it's the price in Dollars that is going up, because the Dollar is going down.
Did you know that even with the cheaper dollars, there are only about 2 countries in the world we have trade surpluses with. Tabs, I used to sell product to Japan when the yen was 245 to the dollar . Now it's what, 118 (or so). That's a pretty healthy decline.
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72 914 2056: 74 9146 2.2: 76 914 2.0 |
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10-20-2007, 11:06 AM
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1983 Porsche 911SC
1970 Porsche 911 S 
