A handy infographic guide to inflation
Someone on here last week was asking why we can't just print more money to boost the economy. This simple guide explains inflation and in turn, explains why printing money is bad.
Not funny or clever, but interesting to anyone who doesn't understand inflation and why we keep (economically) shooting ourselves in the foot.
( , Tue 15 Feb 2011, 15:01, Reply)
Someone on here last week was asking why we can't just print more money to boost the economy. This simple guide explains inflation and in turn, explains why printing money is bad.
Not funny or clever, but interesting to anyone who doesn't understand inflation and why we keep (economically) shooting ourselves in the foot.
( , Tue 15 Feb 2011, 15:01, Reply)
Pretty Good
I have a bank of Zimbabwe 100 trillion dollar note, just so I can Say I'm an excentric multi trillionaire.
although it only cost me 80p :)
( , Tue 15 Feb 2011, 15:27, Reply)
I have a bank of Zimbabwe 100 trillion dollar note, just so I can Say I'm an excentric multi trillionaire.
although it only cost me 80p :)
( , Tue 15 Feb 2011, 15:27, Reply)
I really liked this.
I knew what inflation was, but hadn't really thought through three causes before.
This link is both interesting, and nicely designed. Blimey.
( , Tue 15 Feb 2011, 15:30, Reply)
I knew what inflation was, but hadn't really thought through three causes before.
This link is both interesting, and nicely designed. Blimey.
( , Tue 15 Feb 2011, 15:30, Reply)
I learned something
Didn't expect that. It never occurred to me that inflation could be good if you owed money.
( , Tue 15 Feb 2011, 15:47, Reply)
Didn't expect that. It never occurred to me that inflation could be good if you owed money.
( , Tue 15 Feb 2011, 15:47, Reply)
That was the bit I kind of questioned...
...because although it would be good for your debt, it would still make your salary worth less, in terms of how much you could buy.
Inflation always buggers the least well paid most, as their mass-agreed salaries don't "catch up" fast enough, as opposed to those in suits who can normally go and knock on the big cheeses' doors and ask for more...
( , Tue 15 Feb 2011, 16:00, Reply)
...because although it would be good for your debt, it would still make your salary worth less, in terms of how much you could buy.
Inflation always buggers the least well paid most, as their mass-agreed salaries don't "catch up" fast enough, as opposed to those in suits who can normally go and knock on the big cheeses' doors and ask for more...
( , Tue 15 Feb 2011, 16:00, Reply)
what was athet Mayer Rothschild quote?
"give me control fo a nations money and I care not who makes the laws"
central banks lend to the government and charge interest, which is interesting when you consider a nation has the capacity to print its own currency and issue without debt. Nationalised or privately owned? makes you wonder. The '77 BOE Act makes finding out who the shareholders of the bank of england a state secret apparently when they created the BOE nominees ltd. The '98 BOE act passed by Brown was even more interesting.
that's all I'm going to say on the subject
( , Tue 15 Feb 2011, 15:47, Reply)
"give me control fo a nations money and I care not who makes the laws"
central banks lend to the government and charge interest, which is interesting when you consider a nation has the capacity to print its own currency and issue without debt. Nationalised or privately owned? makes you wonder. The '77 BOE Act makes finding out who the shareholders of the bank of england a state secret apparently when they created the BOE nominees ltd. The '98 BOE act passed by Brown was even more interesting.
that's all I'm going to say on the subject
( , Tue 15 Feb 2011, 15:47, Reply)
Still dont get it.
Surely if 'they' printed enough money for everyone to have a million quid, we'd all be millionaires and not need to work or starve.
( , Tue 15 Feb 2011, 15:55, Reply)
Surely if 'they' printed enough money for everyone to have a million quid, we'd all be millionaires and not need to work or starve.
( , Tue 15 Feb 2011, 15:55, Reply)
I like your thinking
'they' have made it so everytime they print money they lend it with attached debt. So what happens when there is not enough money in circulation to cover the debt, if every time they issue it they attach debt to it? the debtor pays with real world asets like property and labour. they print paper and collect payment via assets. genius
( , Tue 15 Feb 2011, 16:01, Reply)
'they' have made it so everytime they print money they lend it with attached debt. So what happens when there is not enough money in circulation to cover the debt, if every time they issue it they attach debt to it? the debtor pays with real world asets like property and labour. they print paper and collect payment via assets. genius
( , Tue 15 Feb 2011, 16:01, Reply)
I have chosen...
...to decide you are being funny.
If not, try exchanging your savings into Zimbabwean (or even something less dramatic but higher denomenation like Turkish) currency, and tell me if you suddenly feel like Roman Abramovich. Money isn't worth anything in itself, only in what you can exchange it for.
( , Tue 15 Feb 2011, 16:03, Reply)
...to decide you are being funny.
If not, try exchanging your savings into Zimbabwean (or even something less dramatic but higher denomenation like Turkish) currency, and tell me if you suddenly feel like Roman Abramovich. Money isn't worth anything in itself, only in what you can exchange it for.
( , Tue 15 Feb 2011, 16:03, Reply)
Worse than that...
They are exchangable and tradable IOUs from the Bank of England.
Those buggers are more in debt than any of us, and they don't even know who to!
*shakes fist in anger*
( , Tue 15 Feb 2011, 16:32, Reply)
They are exchangable and tradable IOUs from the Bank of England.
Those buggers are more in debt than any of us, and they don't even know who to!
*shakes fist in anger*
( , Tue 15 Feb 2011, 16:32, Reply)
Not really
Student debt tracks to inflation (with a few quirks when the inflation measure they use approaches 0), so you're in theory always owing the same amount in real terms.
( , Tue 15 Feb 2011, 18:02, Reply)
Student debt tracks to inflation (with a few quirks when the inflation measure they use approaches 0), so you're in theory always owing the same amount in real terms.
( , Tue 15 Feb 2011, 18:02, Reply)
so....
can't we just burn some money?
Obviously not mine, I haven't got enough to make a decent fire...
( , Wed 16 Feb 2011, 19:05, Reply)
can't we just burn some money?
Obviously not mine, I haven't got enough to make a decent fire...
( , Wed 16 Feb 2011, 19:05, Reply)