Everyone keeps bringing up the 70's. I way a young guy back then and
lived though it. I can look back and see how it effected me in negative
way.
The difference between the 70's and how is the national debt. It is my
understanding the Fed cannot raise interest rates high enough because
the cost of serving the national debt will become to costly.
On 2022-12-01 23:15, trent shipley via PLUG-discuss wrote:
> Both inflation and deflation are like positive feedback loops or
> resonance. A central bank can beat inflation into the ground with
> interest rates (even one like this, which is caused by demand pull,
> supply shortages, and rising profits) at the cost of a nasty recession
> (pretty much what the Fed did at the end of the 70's) Deflation is
> less common, but is really pernicious and hard to fix when it happens.
>
> And this has very little to do with Linux, FOSS, or even IT per se.
For me these discussions make me think and I learn from you. I do not
live in a vacuum. The economy over the next 10 years is going to change
our country and how things work. Some on this list are going to lose a
job and may need to retool. These are things we need to think about. As
of about 3 years ago our world has begun to be reshaped.
>
> On Thu, Dec 1, 2022 at 10:38 PM Ed via PLUG-discuss
> <plug-discuss@lists.phxlinux.org> wrote:
>
>> you should look up the difference between a recession and a
>> depression. Odds are we will have a middling recession, but the real
>> problem is and will be inflation. Inflation is a ratchet, it only
>> goes
>> in one direction and hits everyone and everything*. It's like a
>> network that has more and more noise on the line. For context,
>> consider that people experience something like a half dozen
>> recessions
>> in their lifetime - more or less. It's the business cycle.
>>
>> You already said it - you expect robotics to become more involved
>> so
>> go do that. Just remember robots are capital intensive - so go with
>> the big.
>>
>> *except for Japan and it's lost decade(s) - they had/have deflation
>>
>> On Sat, Nov 19, 2022 at 7:13 AM Keith Smith via PLUG-discuss
>> <plug-discuss@lists.phxlinux.org> wrote:
>>>
>>>
>>>
>>> Hi,
>>>
>>> I am reading and watching YouTube videos that say the economy is
>> going
>>> to tank to maybe as bad as the depression.
>>>
>>> If this is true what skills are going to be in demand.
>>>
>>> I suspect there will be a real push to automate things so I'm
>> guessing
>>> those who can create browser based business web apps and phone
>> apps will
>>> be in high demand. That will equate to the administrator skills
>> to
>>> support such things.
>>>
>>> I also expect robotics to become more involved in factories,
>>> manufacturing, and even flipping burgers.
>>>
>>> What say you?
>>>
>>> Thanks!!
>>>
>>> Keith
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