Posted by trucker40 on January 09, 2009 at 11:37:19 from (69.155.104.208):
In Reply to: Re: OT/Gold posted by LAA on January 09, 2009 at 10:31:02:
Well now thats true to an extent.However if something raises our net worth somehow,say we were to put men on Mars or something,which would raise our technology level to where we were worth more,and that raised our economy,and wages,it would lower inflation.Right or not?
I know that it is way more complicated than wages going up causes inflation,thats not completely right.If it was it will soon collapse by wages being low,heres how,nobody can pay their bills any more.Electric company,gas company,rent,is going to come behind the family eating.Thats why it was always stupid for inflation to start with.The way it should work is wages go up before prices,I mean why are you beating on the people who are holding up the economy,those who are working?
There really is no reason to hurt everybody economically.When that happens something is wrong,and that wrong thing has to get fixed to make it better.Speculators running the stock market caused this one.
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