tag:blogger.com,1999:blog-2335748440449035592.post1780652184736152267..comments2008-05-13T13:54:20.209-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-53486333845136248212008-05-13T13:54:00.000-04:002008-05-13T13:54:00.000-04:00Luisa, thank you - you made my day<BR/><BR/>If 1 person figures it out who previously did not see the light, than 9 months of hard work is worth it. Your take is a lot like mine, essentially its Robin Hood in reverse. Inflation is the most regressive tax there is, and the total neglect or even acknowledgement of its existence by the powers that be borders on criminal, but hey - its Cramerica - for the corporation by the corporation. Now, we need more tax cuts for the top 2% so they can create more jobs. Mr McCain - paging Mr McCain. ;)<BR/><BR/>No one realizes that 80% of jobs is small business - why not large tax cuts for them? or subsidize health care for people who employ 10 workers or less? Oh yes... they don't pay for lobbyists. Never mind.<BR/><BR/>Luisa, the government is creating money at the pace of 20% a year of late. Which means for every 5 dollars you have - 1 has been created out thin air and shoveled into the system. Therefore you are being diluted by 20%. And we wonder why everything is costing so much. The government took this measure away (see on the right margin - what is M3 and why do you care?) about 2 years ago citing it was "too expensive" to maintain. The same government who spends $900 for screwdrivers. It's quite a system we have here, and only when it reaches a tipping point will it change. I believe said tipping point is when subrubia soccer moms start having issues with paying for basic necessities for kdis - right now its been urban poor for 10-15 years - and they don't "matter". We'll get there... sooner or later. Just like these rebate checks - just another way to put the grandkids on the hook to appease people nowadays - as with almost all policies. Kick can down the road. A decade from now Medicare is going to dominate the budget, along with our interest payments. I am just awaiting to see the "solutions". It is like a soap opera - train wreck all in 1 ... but in slow motion.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-56981472755169599172008-05-13T13:36:00.000-04:002008-05-13T13:36:00.000-04:00Great article, thanks for posting it. So, monetary policy is essentially a tool to extract money from the pockets of members of the general public without their knowledge or consent, simply by dilluting their position. A great way to ensure your population remains productive...if they stop running at the rate of inflation, the ground erodes beneath their feet.Luisa Woodshttp://www.blogger.com/profile/05817943325787044199noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-56775979429481914732008-05-13T13:04:00.000-04:002008-05-13T13:04:00.000-04:00I have a feeling you'll be using that Homer pic often. There's lots of Kool Aid flowing in our economy right now. lol.Bluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.com