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Originally Posted by The Demon
There are 2 different ways to view it, that's one way. The problem with that way is that it is very black and white, and doesn't take the middle ground(disinflation) into consideration.
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Following the inflationary (stagflation) of the 1970's, disinflation seems to have been in force during the great credit expansion of the last few decades. I would think it is taken into consideration. Deflation is the other extreme from hyper-inflation.
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Read carefully what I wrote. I didn't ever state that it started with Obama, I said it became crazy with Obama.
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I did read it carefully and that's not what you said....
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Originally Posted by The Demon
And it's not working because of the massive dollar debasement that has been plaguing this country since Obama became President, mostly because of the abuse of the printing press.
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You should be looking at it from the "real" perspective, not nominal.
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I can look at it either way and it does not follow that it started with Obama.
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The scapegoat is usually the FED, whoever lets the fed run things, and the printing press.
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Agreed. They are all addicted.
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Because while Bush fucked up, Obama managed to create a new level of fail within 2 years.
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Well, that may or may not be true. I'm not arguing that either way. I'm just pointing out that the claim of "
massive dollar debasement that has been plaguing this country since Obama became President" does not follow.
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I suppose that's one way to look at it then.
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yep. I believe curtailing spending at any level at this point is deflationary. Everyone is curtailing spending and deleveraging.