[Bob]

[quote]How would high inflation punish the most irresponsible or contain govt spending? High inflation is the primary financial goal of govt now, and is favored by maybe half the business community, and probably 2/3 or more of all voters.[/quote]

What I jokingly said was I was hoping for high interest rates AND hyper-inflation. While the feds are hoping for moderate inflation, I can guarantee you that they do NOT want hyper-inflation,…nor do they want extremely high interest rates. If interest rates went through the roof, while at the same time unemployment worsens, and prices of goods and services skyrocket, the recession will get much worse….some might even call that scenario an inflationary depression.

And as history shows us, in nations that were subjected to hyperinflation, incomes never came close to inflating at the rate of everything else. While it would hurt just about everyone, people who would be hurt the most would be those on fixed incomes.

[Bob]

[quote]How would high inflation punish the most irresponsible or contain govt spending? High inflation is the primary financial goal of govt now, and is favored by maybe half the business community, and probably 2/3 or more of all voters.[/quote]

What I jokingly said was I was hoping for high interest rates AND hyper-inflation. While the feds are hoping for moderate inflation, I can guarantee you that they do NOT want hyper-inflation,…nor do they want extremely high interest rates. If interest rates went through the roof, while at the same time unemployment worsens, and prices of goods and services skyrocket, the recession will get much worse….some might even call that scenario an inflationary depression.

And as history shows us, in nations that were subjected to hyperinflation, incomes never came close to inflating at the rate of everything else. While it would hurt just about everyone, people who would be hurt the most would be those on fixed incomes.

[Bob]

[quote]How would high inflation punish the most irresponsible or contain govt spending? High inflation is the primary financial goal of govt now, and is favored by maybe half the business community, and probably 2/3 or more of all voters.[/quote]

What I jokingly said was I was hoping for high interest rates AND hyper-inflation. While the feds are hoping for moderate inflation, I can guarantee you that they do NOT want hyper-inflation,…nor do they want extremely high interest rates. If interest rates went through the roof, while at the same time unemployment worsens, and prices of goods and services skyrocket, the recession will get much worse….some might even call that scenario an inflationary depression.

And as history shows us, in nations that were subjected to hyperinflation, incomes never came close to inflating at the rate of everything else. While it would hurt just about everyone, people who would be hurt the most would be those on fixed incomes.

[Bob]

[quote]How would high inflation punish the most irresponsible or contain govt spending? High inflation is the primary financial goal of govt now, and is favored by maybe half the business community, and probably 2/3 or more of all voters.[/quote]

What I jokingly said was I was hoping for high interest rates AND hyper-inflation. While the feds are hoping for moderate inflation, I can guarantee you that they do NOT want hyper-inflation,…nor do they want extremely high interest rates. If interest rates went through the roof, while at the same time unemployment worsens, and prices of goods and services skyrocket, the recession will get much worse….some might even call that scenario an inflationary depression.

And as history shows us, in nations that were subjected to hyperinflation, incomes never came close to inflating at the rate of everything else. While it would hurt just about everyone, people who would be hurt the most would be those on fixed incomes.

[Bob]

[quote]How would high inflation punish the most irresponsible or contain govt spending? High inflation is the primary financial goal of govt now, and is favored by maybe half the business community, and probably 2/3 or more of all voters.[/quote]

What I jokingly said was I was hoping for high interest rates AND hyper-inflation. While the feds are hoping for moderate inflation, I can guarantee you that they do NOT want hyper-inflation,…nor do they want extremely high interest rates. If interest rates went through the roof, while at the same time unemployment worsens, and prices of goods and services skyrocket, the recession will get much worse….some might even call that scenario an inflationary depression.

And as history shows us, in nations that were subjected to hyperinflation, incomes never came close to inflating at the rate of everything else. While it would hurt just about everyone, people who would be hurt the most would be those on fixed incomes.

[Bob]

I know this might sound shocking to some of the readers, but at this point, I’m almost hoping for a massive increase in interest rates, and perhaps even hyper-inflation. Unfortunately, that might be the only way to stop the jokers in Washington from continuing their spending spree. And it also might cause voters to boot the socialists out of congress in 2010. Short term pain might result in long term gain.

[Bob]

I know this might sound shocking to some of the readers, but at this point, I’m almost hoping for a massive increase in interest rates, and perhaps even hyper-inflation. Unfortunately, that might be the only way to stop the jokers in Washington from continuing their spending spree. And it also might cause voters to boot the socialists out of congress in 2010. Short term pain might result in long term gain.

[Bob]

I know this might sound shocking to some of the readers, but at this point, I’m almost hoping for a massive increase in interest rates, and perhaps even hyper-inflation. Unfortunately, that might be the only way to stop the jokers in Washington from continuing their spending spree. And it also might cause voters to boot the socialists out of congress in 2010. Short term pain might result in long term gain.

[Bob]

I know this might sound shocking to some of the readers, but at this point, I’m almost hoping for a massive increase in interest rates, and perhaps even hyper-inflation. Unfortunately, that might be the only way to stop the jokers in Washington from continuing their spending spree. And it also might cause voters to boot the socialists out of congress in 2010. Short term pain might result in long term gain.

[Bob]

I know this might sound shocking to some of the readers, but at this point, I’m almost hoping for a massive increase in interest rates, and perhaps even hyper-inflation. Unfortunately, that might be the only way to stop the jokers in Washington from continuing their spending spree. And it also might cause voters to boot the socialists out of congress in 2010. Short term pain might result in long term gain.

[Bob]

[quote=GoUSC]What do you guys thing long term for this area of San Diego???[/quote]

I read an interesting article a few years back which would give me concern about Bay Park. The southern end of Bay Park (just east of Sea World Drive and extending north) has had a significantly higher percentage than normal of residents who developed leukemia/cancer. From what I recall, the landfill located on what is now the south end of Mission Bay Park (parallel to the river) was used as a dump for toxic chemicals many decades ago and apparently the toxicity got into the soil and water below the ground. In fact, that very same area still is vacant today – makes you wonder why the city/county has yet to build on the property considering its prime location.

[Bob]

[quote=GoUSC]What do you guys thing long term for this area of San Diego???[/quote]

I read an interesting article a few years back which would give me concern about Bay Park. The southern end of Bay Park (just east of Sea World Drive and extending north) has had a significantly higher percentage than normal of residents who developed leukemia/cancer. From what I recall, the landfill located on what is now the south end of Mission Bay Park (parallel to the river) was used as a dump for toxic chemicals many decades ago and apparently the toxicity got into the soil and water below the ground. In fact, that very same area still is vacant today – makes you wonder why the city/county has yet to build on the property considering its prime location.

[Bob]

[quote=GoUSC]What do you guys thing long term for this area of San Diego???[/quote]

I read an interesting article a few years back which would give me concern about Bay Park. The southern end of Bay Park (just east of Sea World Drive and extending north) has had a significantly higher percentage than normal of residents who developed leukemia/cancer. From what I recall, the landfill located on what is now the south end of Mission Bay Park (parallel to the river) was used as a dump for toxic chemicals many decades ago and apparently the toxicity got into the soil and water below the ground. In fact, that very same area still is vacant today – makes you wonder why the city/county has yet to build on the property considering its prime location.

[Bob]

[quote=GoUSC]What do you guys thing long term for this area of San Diego???[/quote]

I read an interesting article a few years back which would give me concern about Bay Park. The southern end of Bay Park (just east of Sea World Drive and extending north) has had a significantly higher percentage than normal of residents who developed leukemia/cancer. From what I recall, the landfill located on what is now the south end of Mission Bay Park (parallel to the river) was used as a dump for toxic chemicals many decades ago and apparently the toxicity got into the soil and water below the ground. In fact, that very same area still is vacant today – makes you wonder why the city/county has yet to build on the property considering its prime location.

[Bob]

[quote=GoUSC]What do you guys thing long term for this area of San Diego???[/quote]

I read an interesting article a few years back which would give me concern about Bay Park. The southern end of Bay Park (just east of Sea World Drive and extending north) has had a significantly higher percentage than normal of residents who developed leukemia/cancer. From what I recall, the landfill located on what is now the south end of Mission Bay Park (parallel to the river) was used as a dump for toxic chemicals many decades ago and apparently the toxicity got into the soil and water below the ground. In fact, that very same area still is vacant today – makes you wonder why the city/county has yet to build on the property considering its prime location.

[Author]

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