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Rich ToscanoKeymasterTucker Carlson has been under a lot of pressure too, from a series of over-enthusiastically cinched bow ties.
Rich ToscanoKeymasterTucker Carlson has been under a lot of pressure too, from a series of over-enthusiastically cinched bow ties.
Rich ToscanoKeymasterTucker Carlson has been under a lot of pressure too, from a series of over-enthusiastically cinched bow ties.
Rich ToscanoKeymasterI will second doofrat on Instapaper. It’s great if you have an iPad without a data plan, bc it lets you queue up and store (local to the ipad) things you want to read later when you might not have net access.
Rich ToscanoKeymasterI will second doofrat on Instapaper. It’s great if you have an iPad without a data plan, bc it lets you queue up and store (local to the ipad) things you want to read later when you might not have net access.
Rich ToscanoKeymasterI will second doofrat on Instapaper. It’s great if you have an iPad without a data plan, bc it lets you queue up and store (local to the ipad) things you want to read later when you might not have net access.
Rich ToscanoKeymasterI will second doofrat on Instapaper. It’s great if you have an iPad without a data plan, bc it lets you queue up and store (local to the ipad) things you want to read later when you might not have net access.
Rich ToscanoKeymasterI will second doofrat on Instapaper. It’s great if you have an iPad without a data plan, bc it lets you queue up and store (local to the ipad) things you want to read later when you might not have net access.
Rich ToscanoKeymasterFixed…
Rich ToscanoKeymasterFixed…
Rich ToscanoKeymasterFixed…
Rich ToscanoKeymasterFixed…
Rich ToscanoKeymasterFixed…
Rich ToscanoKeymasterOK, there are assumptions in there, as in any prediction of potential outcomes. But I still feel like I provided a laundry list of things that could potentially cause inflation to rise — none of them are sure things, but they don’t have to be, because (to me anyway) we are talking about risks and probabilities. I think some of them are pretty decent probabilities, but of course, that all comes down to speculation on the future.
You are correct that we’ve increased government debt for a long time, but surely you agree that just because it hasn’t caused a problem yet, doesn’t mean it never will. (Look for instance at the increase in mortgage debt in this country — it went up and up and up, with that consistency lulling people into a false sense of security, until people realized that security was misplaced).
You are also correct that we’ve had loose monetary policy for a long time. I believe that has largely fed into inflation in asset prices rather than in consumer prices. That could continue for a while. But it surely won’t be indefinite, and it requires certain conditions — foreign CB’s buying up lots of our debt is a notable one — that cannot be depended upon to last. (For background on loose monetary policy vis. asset prices I very, very highly recommend Grantham’s “Night of the Living Fed” essay).
I think there may be some timeline confusion here. You are asking, what WILL cause inflation in the near future. Well, nothing WILL (not dependably, if you see what I mean). But some stuff might, if they happen in the near future. Those are the “hypotheticals” I outlined in the earlier comment. So just to be clear, I don’t think inflation is guaranteed in the near future. (Nor is a lack of inflation, for that matter).
I think the OP is looking farther out. For his scheme to work, inflation doesn’t have to be higher next year — it has to be higher on average over the next 30 years. So it’s really more of a long-term consideration. My opinion on the long term is that considering the relative lack of productivity in our economy, increasing competition for resources, the chance of a loss of confidence in dollars and/or ust’s, and most of all how difficult it would be to reduce our debt burden in real terms, I think inflation will be higher than most people expect. But that is, of course, speculation and my own opinion.
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