tag:blogger.com,1999:blog-3758330678390419129.post5534049648318142336..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Problematic Price Inflation?Robert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-26104808392077033762020-03-18T14:57:21.333-04:002020-03-18T14:57:21.333-04:00I’ll take a stab at this.
Zimbabwe is an example ...I’ll take a stab at this.<br /><br />Zimbabwe is an example of the government causing the economy to drastically slow and then try to print their way out of it causing hyperinflation. <br /><br />The Zimbabwe government created an economic crises mainly due to war and by taking farm/ranch land from farmers/ranchers and giving it to those with little to no farming/ranching experience causing a AlexZouglehttps://www.blogger.com/profile/09903419350475485505noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-23725628400831320042020-03-18T10:54:06.506-04:002020-03-18T10:54:06.506-04:00To add on to what I have said above, almost no one...To add on to what I have said above, almost no one is yet talking about the most important household asset: real estate. This is certainly the next shoe to fall and that falling shoe is all deflationary. Housing prices will sink. New home sales and new home construction will be in the tank (despite the lower interest rates) for some time. Again, no government program can or will restore even a Dominickhttps://www.blogger.com/profile/10113091064299237392noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-48415762980591893872020-03-18T10:46:29.013-04:002020-03-18T10:46:29.013-04:00Yeah to the person with just $1000 in the bank to ...Yeah to the person with just $1000 in the bank to their name. If they get $1000 from the gov it really helps, but to those with $20,000+ it is much more insignificant.Calebhttps://www.blogger.com/profile/17084367745727747084noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-18652036026199053672020-03-18T10:21:55.884-04:002020-03-18T10:21:55.884-04:00But Bob, who exactly is going to have "twice ...But Bob, who exactly is going to have "twice as much money in their pocket"? I've raised this point before and there has never been a response to it. Prices of assets and incomes are deflating everywhere. Deflating....lower values, less money, reverse wealth effect, etc. (I got an email from the Sarasota Ballet yesterday. They have closed up their season and stand to lose $800,000. Dominickhttps://www.blogger.com/profile/10113091064299237392noreply@blogger.com