[Rod_Cloutier]

Think of it, prices have largely remained the same despite 2 years of massive layoffs and depression.

That has to be an alternative definition of inflation. Prices are unchanged, but the ABLITITY TO PAY has dropped. When the total volume of what you can buy vs what you earn diminishes that is by definition inflation.

The current orthodox line of reasoning that prices of goods have to rise rapidly vs fixed buying power is a flawed way of thinking. As buying power is compromised, and prices stay the same- inflation still occurs. Less is consumed as compared with a different time period where economic growth occured and incomes rose with fixed prices.

As millions continue to lose their buying power, inflation is occuring on a massive scale as living standards drop off a cliff.

[Plantagenet]

When people lose their jobs and incomes, it isn't called inflation.

Its called impoverishment, going broke, being cleaned out, being in arrears, being ruined, being taken to the cleaners, becoming insolvent, closing down, closing one's doors, crashing, defalcating, defaulting, droping in status, droping a bundle, ending, finishing, folding, going bankrupt, going belly up, going bust, going into chapter 11, going out of business, going to the wall, going under, losing big, losing one's shirt, etc.

[Xenophobe]

$this->bbcode_second_pass_quote('Repent', '
')That has to be an alternative definition of inflation. Prices are unchanged, but the ABLITITY TO PAY has dropped. When the total volume of what you can buy vs what you earn diminishes that is by definition inflation.

[dolanbaker]

$this->bbcode_second_pass_quote('', 'I')ts called a "lower standard of living". Not hyperinflation. Its required to work off the debt from "the good ol' days".

[Xenophobe]

$this->bbcode_second_pass_quote('dolanbaker', '
')Problem being, as money is essentially energy and we are (getting clearer) past peak oil, sustained growth is likely to be almost impossible.

[Sixstrings]

$this->bbcode_second_pass_quote('Xenophobe', 'I')ts called a "lower standard of living". Not hyperinflation. Its required to work off the debt from "the good ol' days".

[Quinny]

Thanks for the graph - it shows clearly how the link between real wealth and financial wealth has broken down.

BTW UK inflation over 3% now, which given the drastic downturn in the economy is scary to say the least.


$this->bbcode_second_pass_quote('Xenophobe', '')$this->bbcode_second_pass_quote('dolanbaker', '
')Problem being, as money is essentially energy and we are (getting clearer) past peak oil, sustained growth is likely to be almost impossible.

[dolanbaker]

Thanks, that chart actually proved my point!
GDP is now running on hot air and has run out of thermals.

[Xenophobe]

$this->bbcode_second_pass_quote('dolanbaker', 'T')hanks, that chart actually proved my point!
GDP is now running on hot air and has run out of thermals.

[Golgo13]

$this->bbcode_second_pass_quote('Xenophobe', '')$this->bbcode_second_pass_quote('dolanbaker', 'T')hanks, that chart actually proved my point!
GDP is now running on hot air and has run out of thermals.

[Xenophobe]

$this->bbcode_second_pass_quote('Golgo13', '
')That's because GDP is artificially inflated garbage

[rangerone314]

$this->bbcode_second_pass_quote('Xenophobe', '')$this->bbcode_second_pass_quote('dolanbaker', 'T')hanks, that chart actually proved my point!
GDP is now running on hot air and has run out of thermals.

[rangerone314]

$this->bbcode_second_pass_quote('Xenophobe', '')$this->bbcode_second_pass_quote('Golgo13', '
')That's because GDP is artificially inflated garbage

[Armageddon]

GDP is about as useless and somebody taking out a loan for a million dollar house and calling themselves wealthy.

[Xenophobe]

$this->bbcode_second_pass_quote('rangerone314', '
')What makes you think that GDP actually measures the economy or is not an outright fabrication?

[Golgo13]

$this->bbcode_second_pass_quote('Xenophobe', '')$this->bbcode_second_pass_quote('Golgo13', '
')That's because GDP is artificially inflated garbage

[americandream]

$this->bbcode_second_pass_quote('Repent', 'T')hink of it, prices have largely remained the same despite 2 years of massive layoffs and depression.

That has to be an alternative definition of inflation. Prices are unchanged, but the ABLITITY TO PAY has dropped. When the total volume of what you can buy vs what you earn diminishes that is by definition inflation.

The current orthodox line of reasoning that prices of goods have to rise rapidly vs fixed buying power is a flawed way of thinking. As buying power is compromised, and prices stay the same- inflation still occurs. Less is consumed as compared with a different time period where economic growth occured and incomes rose with fixed prices.

As millions continue to lose their buying power, inflation is occuring on a massive scale as living standards drop off a cliff.

[Xenophobe]

$this->bbcode_second_pass_quote('Golgo13', '
')Sooner or later we have to answer the question in the linked article: Where does the nonsense stop?