I have just read another absolutely BullShit report on inflation ! Seems inflation in Great Britian has dropped to -Zero- percent. And Lady’s & Gents that’s really bad ! !
Or at least it is according to the idiot reporter who broke the story. You see according to this rocket surgeon of a reporter, its really bad that prices haven’t gone up. BECAUSE , everyone will wait a year or more before buying anything …as well all HOPE it will get cheaper.
YEAH, according to this whacko (& lets not forget most of the Banksters, & Politicians) will also claim just how horrible lower prices are. Because we will all wait. We won’t buy food, we’ll all wait of it to get cheaper. We’ll stop using electricity & gas until next month…it’ll be cheaper. I won’t buy a new truck, I’ll just drag my tools, & equipment around on a plastic sheet until next year …when it will be cheaper. Those people who support this Keynesian thinking , all need to be immediately removed form their posts put it restorative mental facilities & medicated until they recover…hopefully in 20 or 25 years from now , we can check to see if they are allowed out. With a caveat of course that politics & finance are positions they can never be involved in again . Why are there no reporters , putting the stupidity of -zero- inflation being bad for consumers, pointing out the facts that cheaper prices won’t harm us, they’ll help us by allowing our dollar to purchase, if not more, at least the same amount ! ? ! —AAAAAAAAAARRRRRRRRRRRRRRRRGG !
This article appears in Mar 26 – Apr 1, 2015.
ANOTHER BULLSHIT REPORT: PARTS I & II
“I have just read another absolutely BullShit report on inflation. Seems inflation in Great Britain has dropped to – Zero – percent.”
According to the bitcher, the zero percent inflation rate will result in the collapse in consumer spending as everyone will wait for a further decrease in prices, including food and electricity. This, according to the bitcher, is an example of “Keynsian thinking.” So what are the facts?
“UK’S ECONOMIC GROWTH FOR 2014 REVISED UP” proclaims a headline in today’s London Telegraph. “This unexpected increase meant growth for the year was 2.8%, higher than the earlier estimate of 2.6%. The revised rate marks the highest pace of annual growth since 2006 when the economy grew by 3%. An expansion in both production and services as well as household spending helped to drive the increase, the official data suggested.” See that expansion in “household spending?” Well so much for part one of the Bullshit Report. What about part two?
Clearly, the poster doesn’t know what “Keynesian thinking” is all about. It has nothing to do with consumers waiting for cheaper prices but rather involves “priming the economic pump” i.e., increasing government spending to stimulate a flagging economy. However there is nothing about any “Keynesian thinking” in Britain at the present time since, as has been demonstrated above, the economy in Britain is not flagging at all. So this bitch is just another complete BULLSHIT REPORT.
A pleasure as always,
Cheerio!
I like lower prices. I wait until things go on sale before I buy them.
I never pay full price.
The main role of government is to improve the quality of life for citizens. So, it could be argued that keeping prices low for consumer goods and keeping interest rates low is a good thing for most people.
The have been times in recent decades where economies have experienced the opposite–deflation. And while this sounds great at first (Yay! Lower prices!) it has huge ramifications for the job market. If companies cannot sell their products and services for a profit, they cut back on staff, product quality/selection, or go out of business–and every other business faces this as well.
There is a certain (low) inflationary rate that is a normal thing in an economy, because it is better than the opposite.
We all want a low inflation rate, but we really don’t want to have significant deflation.
Much better to have wages go up while prices stay low–and prices on certain kinds of clothing and consumer products have become shockingly low since the 1990s and the advent of large-scale Chinese manufacturing. (Which opens another can of worms that we probably can’t get into here!)
“Be careful what you wish for” is always good advice.