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by **huamulan** on Sat Jun 09, 2012 7:16 pm

If only all global economic systems could be boiled down to some pictures of smiley faces with captions.

by **Phatscotty** on Sat Jun 09, 2012 8:00 pm

huamulan wrote:If only all global economic systems could be boiled down to some pictures of smiley faces with captions.

Just curious. Are you a college student?

by **Juan_Bottom** on Sat Jun 09, 2012 8:10 pm

Is this the proper thread for political/government mockery and pictures?

by **2dimes** on Sat Jun 09, 2012 8:29 pm

Juan_Bottom wrote:

That there was drawn by a single guy looking over the fence at my delicious green lawn.

Marriage is more like having one of those office water coolers at your house. At first it's amazing and you can't believe how great the water is. After a while you realize you have to change the bottle, empty the drip catching tray and try to clean the thing. There's a lot more work having one of your own than drinking from the one at the office.

by **Phatscotty** on Sat Jun 09, 2012 8:37 pm

Holy pimpdave!

by **BigBallinStalin** on Sun Jun 10, 2012 4:09 am

Phatscotty wrote:

This is kind of accurate.

It just takes longer for people to realize the effects of inflation.

Essentially, it's a short-term "fix" with long-term consequences, which people often overlook (except Bernanke, who is aware of this).

People want something for nothing, so new money is lent into existence. This is to satisfy short-term demand, while ignoring long-term consequences. It's how the US funds deficit spending.

Many people, who demand that the government provide this or that, unknowingly also lend support to a primary cause of many of the US' problems. It's amazing to see this happen.

by **Juan_Bottom** on Sun Jun 10, 2012 1:32 pm

by **MeDeFe** on Sun Jun 10, 2012 4:10 pm

Phatscotty wrote:

AFAIK, the correlation between wages and inflation is far stronger than between "the printing of money" and inflation.

by **saxitoxin** on Sun Jun 10, 2012 6:18 pm

Juan_Bottom wrote:

Well, technically, it was the Republican Party who passed into law the 40-hour work week (in fact, Nixon advocated a 32-hour work week but he couldn't get the votes in Congress). Of course, that was 80 years ago and was a vastly different Republican Party (which, I suppose, is the point - fantasizing that the virtues of individuals from the distant past are shared by the professionalized leadership class of organizations of the present (see: the recently Mafia-purged Laborers International Union of North America [LIUNA]*) is probably a recipe for disappointment.

Also, I'm not sure it's cause for celebration that the president who presided over the first military trials of civilians at Gitmo, signed NADA authorizing no-trial life imprisonment and maintains a personal "kill list" is calling for more Police during a period of record-low crime.

* Well, they've supposedly been Mafia-free since the last round of FBI raids a few years ago but I just went to their website and - I really hate to generalize - but I find it a big coincidence that half the members of the Board of Directors have Italian last names ... http://www.liuna.org/AboutUs/Leadership ... fault.aspx

edit: nevermind --- looks like that was short-lived

"Heeeey, I'm LIUNA General-Secretary Armondo Sabotini - youse all can trust me with the pension accounts! Dontch I look trustworthy?"

by **WILLIAMS5232** on Sun Jun 10, 2012 6:39 pm

i think inflation is basically created by spending money you don't have.
kind of like credit and loans.

most people have a lot of things that are nice. but the bank owns them. it's too late now, but if they had tried to earn what they got before they got it, then things wouldn't be so bad and cost so damn much now.

if getting a loan for a car is so easy, then why not raise the price of a car?

why get a car loan for a small dependable ford pickup when you can get one just as easy for a mercedes.

hell, you're good for it right?

by **Lootifer** on Sun Jun 10, 2012 7:39 pm

BigBallinStalin wrote:This is kind of accurate.

It just takes longer for people to realize the effects of inflation.

Essentially, it's a short-term "fix" with long-term consequences, which people often overlook (except Bernanke, who is aware of this).

People want something for nothing, so new money is lent into existence. This is to satisfy short-term demand, while ignoring long-term consequences. It's how the US funds deficit spending.

Many people, who demand that the government provide this or that, unknowingly also lend support to a primary cause of many of the US' problems. It's amazing to see this happen.

Hey you really meant it when you said you dont understand demagoguery!

Hehe, jk.

I dont think it's as black and white as you make out though. The recent spanish one is propping up banks to counter their poor investments in a housing bubble right? So sure its going to protect a few dumb banking execs, but is it not protecting many joe averages as well?

So yes the long term consequence is pretty bad (inflation); but isnt the short term consequence just as dire for your average joe?

Apologies if this is a little ignorant or under-researched; I havent thought it all through.

by **huamulan** on Sun Jun 10, 2012 8:03 pm

What kind of person pays for a car or holiday using a loan?

by **Timminz** on Sun Jun 10, 2012 9:01 pm

huamulan wrote:What kind of person pays for a car or holiday using a loan?

A car I can understand, but I don't think anyone pays for a holiday with a loan. That would be ridiculous.

by **Nola_Lifer** on Sun Jun 10, 2012 9:16 pm

Timminz wrote:
huamulan wrote:What kind of person pays for a car or holiday using a loan?

A car I can understand, but I don't think anyone pays for a holiday with a loan. That would be ridiculous.

Ever heard of a credit card?