BOHICA! Like I said two years ago...

[jj]

And, no, I'm not claiming a teeny tiny bit of "supernatural" in the prediction, either.

http://money.cnn.com/2005/10/18/news/economy/price_squeeze/index.htm?cnn=yes

Q(jj)
A(the two political parties)

Q: How do we find the money to pay for the war that 'W' killed lots of poor kids in, and continues to kill more and more of them, for what looks increasingly like no good end?

A: Inflate the cost away!

Q: But what about people and retirement?
A: Who cares about the poor? If they don't have 5 mil in the bank, it's their own fault!

 

[Yahweh]

"BOHICA". Translation: bend over, here it comes again!

I have nothing more to add.

 

[shemp]

You're just jealous because you don't have $5 mil in the bank. Oh, wait a minute, I don't either!

 

[Underemployed]

But the article goes on at length about how price increases will most likely not be passed onto the end consumer...Or was that your original point a year ago?

 

[Beerina]

Inflating the borrowed money away is called "monetization of the debt", and is nothing new -- the government has been doing it for a century or more, and plans on it.

Heck, I believe a couple of economists won the Nobel Prize for Economics for "proving" that stagflation could be beneficial. But then Carter got trounced at the election by Reagan.

 

[jj]

But the article goes on at length about how price increases will most likely not be passed onto the end consumer...Or was that your original point a year ago?

You left out the "yet".