[fintstone]

Originally Posted by wdfifteen

Repeating yourself ad nauseam does not make your argument more compelling.

You are right. It does not. It just seems like I must be presenting it wrong when people still tell me that inflation is not real and less purchasing power is good.

It is almost like when the WEF Director said, "You'll own nothing, and you'll be happy." As long as people buy into that, I really don't see much of a future for my children and grandchildren.

I personally have plenty (all I need). My life is an embarrassment of riches, but I worry for others that have less. Not in the way my very wealthy friends worry that the proletariat will rise up and take their wealth if not tossed a handout by redistributing middle class wealth to the poor, but that a government spending wealth faster than we can earn it will cause the entire system to fail.

The increasing debt/spending (causing inflation) will also feed additional spending (as cost adjusted pensions and salaries increase and the cost servicing that debt increases with the higher interest rate). That, in turn, increases inflation further...and so on.

Stagflation and the lack of opportunity of my youth was horrible for the poor and ignorant (like me) in many parts of the country. I hate seeing it return when it could have been easily prevented. It may be worse as most are no longer agrarian or capable of producing food or fuel yet will need to eat and stay warm. It is hard to pretend everything is great when winter is coming and heating oil has increased 60% in one year. Lots of folks will be very cold this winter because they cannot buy oil and eat. I remember that well from my youth, it is not a good memory.