Tuesday, November 4, 2014

Paul Krugman is Right: Outside of the Following Few Things There is No Price Inflation

If you don't drink coffee, drive, eat hamburger, go to the movies, ever get sick, mail an envelope, eat eggs, use electricity, live in a house or apartment, you have nothing to worry about.


  1. Deflation is a disaster supposedly.... But all of this inflation can't prevent crises or maintain a healthy economy. Hrmmmmm.

  2. You especially don't notice it if you have servants doing your shopping for you...

  3. Joe Sixpack has no concept of why prices go up, like it's just some flaw in the market. Those in power want to keep the public ignorant (that's why government schools are so critical!) so that they don't revolt. They should, because this is counterfeiting, pure and simple.

    1. Because most people don't understand how market competition forces companies to keep prices down. They think that they collude together and set the prices high and don't realize the role government plays with inflation.