The inflation target nonsense by oldman28

news · @oldman28 · Dec 4 '18 (edited)

$1.35

The inflation target nonsense

![image.png](https://ipfs.busy.org/ipfs/Qmd2NEvTjWR6yZwPifksJoxaGG5btuVqDXdMP1U2epjvDg)

[Credit : pixabay](https://pixabay.com)

In the news University of Guelph and Dalhousie University researchers predicts food prices to rise between 1.5 to 3.5 per cent in 2019 for Canadians.  

As if the stagnant wages is not enough, Mr PM of Canada wants a national carbon tax stuffed down on everybody.  May be he should take a cue from what is Yellow Vests in France.  

Stable prices is what the people want.  Nobody want to lose purchasing power on their saving and no business want to lose when the new stock is cheaper than existing inventory.

So just why anybody put up with this inflation target nonsense is beyond me.  Dr Milton Friedman once said, and I am paraphrasing :
> There is only one source and one source only of inflation,  when money supply is expanded.

So what does 2% inflation mean to your saving is : 
in 10 years 18% purchasing power is lost
in 20 years 33% purchasing power is lost

Inflation is a tax....  Any other way to put it is dishonest.

So does that old saying if your don't hold it you don't own it make more sense now.
Gold Silver any hard asset that can't be printed will always do better in the long game.

Thanks for stopping by.

👍 oceanwhale, justyy, ausbitbank, steembasicincome, informationwar, wakeupnd, oldman28, accelerator, ura-soul, tribesteemup, truthforce, pocketechange, nfc, phatima, duarte9sousa, alchemage, cifer, hamismsf, trucklife-family, canadianrenegade, bukiland, okean123, dancingapple, jimbobbill, colinhoward, sterlinluxan, tonysayers33, empress-eremmy, mckeever, whatamidoing, elamental, inspirewithwords, goldgoatsnguns, earthmother, antimedia, risemultiversity, phillyc, lishu, johnvibes, solarsupermama, dailychina, dailystats, burntmd, memeboi, sweet-jenny8, jianan, cnbuddy, mickeybeaves, ashe-oro, moxieme, natepower, tftproject, hempress, turtlegraphics, taskmaster4450, witnesstools, ilovecoding, miss-j, dannyshine, sima369, rainbowrachel, dongfengman, superbing, bryandivisions, and 74 others

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@cnbuddy · Dec 4 '18

你今天过的开心吗？你好！家中可愛的寵物照想要跟大家分享嗎？或是出去玩拍到一些可愛的動物，別忘了到@dpet分享，可以得到@dpet的獎勵喔！倘若你想让我隐形，请回复“取消”。

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@oceanwhale · Dec 4 '18

re-oldman28-the-inflation-target-nonsense-20181204t183519454z

You got a 34.48% upvote from @oceanwhale courtesy of @oldman28! Earn 100% earning payout by delegating SP to <a href="/@oceanwhale">@oceanwhale</a>. Visit <a title="This link will take you away from steemit.com" href="http://www.oceanwhalebot.com" rel="noopener">www.OceanWhaleBot.com</a> for details!

👎 realcleaner

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@pocketechange · Dec 5 '18

Start thinking about a Reset in "Spending Power"...
Prosperity is heading our way, soon...

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@oldman28 · Dec 5 '18

You got POTUS wanting / making change but I got a Liberal with taxpayers' money PM....  Sigh...

👍 oldman28

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@pocketechange · Dec 5 '18

Perhaps Canada might follow suit...  I know nothing about your laws...

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@informationwar · Dec 9 '18

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@steemitboard · Dec 12 '18

Congratulations @oldman28! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td>https://steemitimages.com/60x70/http://steemitboard.com/@oldman28/votes.png?201812121702</td><td>You made more than 10000 upvotes. Your next target is to reach 11000 upvotes.</td></tr>
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