Re:Central bankers rethink their devotion to slaying inflation
by pjzedalis on Sunday December 23, 2012 @04:40PM
(#4960769)
Cars are better today then they were 60 years ago. I would not presume that their prices should remain equal.
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Re:Central bankers rethink their devotion to slaying inflation
by maeon3 on Monday December 24, 2012 @12:58PM
(#4963538)
but an hour of toil from a human in 1950 is an hour of toil from a human in 2000. ultimately we are exchanging toil for toil, and inflation is theft from the global pool of toil.
it's akin to a thief seeing two men exchange potatoes for beans and getting in the middle and taking a fraction of the potatos and beans and running off and eating them without compensating the producers.
Inflation =stealing.