Re: ditching Apple products due to boycotts?

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Author: Eric Cope
Date:  
To: Main PLUG discussion list
Subject: Re: ditching Apple products due to boycotts?
The deflation with which you are referring is the reverse of devaluation of
the dollar through poor monetary policy inflected upon us by the concept of
central banking. And I would agree with you with the asterisk that any
change of the money supply by central banking is bad for everyone, although
not as bad for a group of individuals.

Eric

On Tue, May 18, 2010 at 3:28 PM, Joshua Zeidner <> wrote:

>
>
> Deflation is generally not a bad thing for people who save or people who
> lend (unless the deflation forces a default). It's a bad thing for people
> who borrow.
>
> -jmz
>
>
> On Tue, May 18, 2010 at 3:23 PM, Eric Cope <> wrote:
>
>> As the Austrians point out, deflation in real terms (not inflicted by the
>> Federal Reserve) is actually a result of the innovation of the free market
>> and the creation of wealth (as individuals create wealth, things become more
>> affordable... think of the cost of a brand new technology, like DDR3, as
>> time progresses, it comes down).
>> So, you are right, we should experience a general deflation as innovation
>> creates wealth, making things more affordable for all. (this includes things
>> like healthcare).
>>
>> Eric
>>
>>
>> On Tue, May 18, 2010 at 3:13 PM, Technomage <>wrote:
>>
>>> On 5/17/10 4:13 PM, Joshua Zeidner wrote:
>>>
>>>>
>>>>
>>>> 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
>>>>
>>>> I have been reading through this and as someone who has an accounting
>>> background (thank you GCC),
>>> you all have not mentioned one important fact: the rate at which
>>> deflation could (or would) occur.
>>>
>>> A low rate (say under 2% would have minimal effects on the economy in the
>>> very short term, it would
>>> start making life a litte more difficult with time, but not substantially
>>> so. IF, however, the rate if deflation went up
>>> or varied wildly over the long term, yeah,, I could see the above
>>> scenarios coming to pass.
>>>
>>> The biggest problem with have in this country is a lack of personal
>>> responsibility for ones own actions
>>> (including incurring debt). we need to be a lot more responsible and we
>>> need to force the states into
>>> doing so at their level. 5 years ago, Arizona had 2 billion in excess
>>> cash set aside (call it a rainy day fund).
>>> the politicians couldn't leave well enough alone and now here we are,
>>> suffering a 2.1 billion dollar shortfall
>>> for this year alone. California was living on borrowed time ever since
>>> gray davis started as governor.
>>>
>>> Personally, I have gotten rid of all my credit cards (can't have them
>>> anyone living on a disability income),
>>> I am paying down any debts I have left (just over $3,000 at this point)
>>> and will be debt free in 3 years.
>>>
>>> I view credit as nothing more than a company selling you the money you
>>> borrow (debt) and then charging you
>>> monthly to be able to use that money. it isn't yours. its a legal scam
>>> IMHO
>>>
>>> anyway, my point is this: deflation might actually be a good thing for
>>> this country, if and only if, it can
>>> be held to a minimum level for as long as possible.
>>>
>>>
>>>
>
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