I'm thinking it is. If I need $30 an hour to live and I am now, through reduced taxes, able to make it on $22.50 an hour isn't that deflation? I know that is a far cry from the $5/hr Indian programmer, however all things considered maybe that is all it takes.
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Keith Smith
--- On Mon, 5/17/10, Joshua Zeidner <jjzeidner@gmail.com> wrote:
From: Joshua Zeidner <jjzeidner@gmail.com>
Subject: Re: ditching Apple products due to boycotts?
To: "Main PLUG discussion list" <plug-discuss@lists.plug.phoenix.az.us>
Date: Monday, May 17, 2010, 4:27 PM
Thats not really deflation... you have to consider purchasing power overseas, etc. which is a function of money supply, interest rates, and other factors. That's just reducing size of government, which I'm in favor of. Real deflation is simply not possible. I think we bought a one way ticket to financial disaster I'm sad to say.
-jmz On Mon, May 17, 2010 at 4:18 PM, keith smith <klsmith2020@yahoo.com> wrote:
We are definitely in a pickle. Maybe it is not as pure as just this simple one item however if my tax burden was reduced by 25% then I would be able to live on 25% less. Isn't that a deflation?
The national debt is a real problem. We need to get control of our country and where it is going!------------------------
Keith Smith --- On Mon, 5/17/10, Joshua Zeidner <jjzeidner@gmail.com> wrote:
Date: Monday, May 17, 2010, 4:13 PM you might see some kind of short term deflation, but any substantial deflation would break us. Any time you have debt, then deflation makes that debt harder to pay. Not only would it be tragic for Americans on a personal level, but on a state and federal level it would be equally disastrous. eg. What would happen if everyone's salary were halved next week? Massive default on mortgages, housing inventory increases, values go down, etc. I
would think that deflation might be beneficial, I just don't think its an option (either financially or politically). Most likely they will just print their way out of this, and destroy the dollar in the process.
-jmz On Mon, May 17, 2010 at 4:06 PM, keith smith <klsmith2020@yahoo.com> wrote:
I think if taxes were reduced by 25% or even 50% we would see deflation. We need to deflate.
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Keith Smith
From: Joshua Zeidner <jjzeidner@gmail.com>Date: Monday, May 17, 2010, 3:58 PM
In a deflation scenario, the dollar would buy a lot of code, but it would also bankrupt just about anyone with a mortgage or any other kind of debt. Remember deflated dollars are harder to come by.
-jmz
- On Mon, May 17, 2010 at 3:44 PM, keith smith <klsmith2020@yahoo.com> wrote:
Maybe..... What if we were to go into deflation? Wouldn't that help?
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Keith Smith
--- On Mon, 5/17/10, R P Herrold <herrold@owlriver.com> wrote:
From: R P Herrold <herrold@owlriver.com>Date: Monday, May 17, 2010, 3:01 PMOn Mon, 17 May 2010, keith smith wrote:
> I sure hope outsourcing becomes null and void. What do you base this
> on?
>> earlier, Joshua Zeidner:
>> Clearly they are doing it for symbolic purposes... which is why we should do it right back to them. Apple products are overpriced and overpromoted anyway. They are a California based company but they certainly do most of their work overseas. The way things are currently going
the outsourcing equation will change, and possibly become invalid.
This looks like wishful thinking. The outsourcing/offshoring
genie is out of the bottle, and nothing is going to put it back
-- Russ herrold
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