tag:blogger.com,1999:blog-2595455932654799850.post6989253279652220177..comments2023-11-02T10:55:07.208+01:00Comments on The Monetary Future: Fear Not DeflationJon Matonishttp://www.blogger.com/profile/04111660030028727950noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-2595455932654799850.post-82967317115228164042012-12-30T21:38:16.794+01:002012-12-30T21:38:16.794+01:00BENIGN deflation? You've got to be kidding.
D...BENIGN deflation? You've got to be kidding.<br />Do any of the younger folk have ANY idea what living in a deflationary economy is like?<br /><br />Try this. A coffee and a hamburger are 5 cents each...but most everyone earning a standard wage of about $40.00 per week probably does not have the 10 cents after bills are paid.<br /><br />Want a new suit. Just save up a year or two for it. <br /><br />What's that? Got some debt? Enjoy paying it back in ever more precious and expensive dollars. <br /><br />You'll be able to spot the wealthy again easily because they'll be the ones with new cars and nice clothes - those options will no longer be open to everyone else. <br /><br />Going to college? Start saving 50 cents a week in the first grade. You might have enough to afford the first few years at State U.<br />On second thought, the family needs help to buy groceries and pay the bills... forget about college and help out at the homestead. Maybe when your 30 you can go out on your own. Maybe not.<br /><br />Travel? Vacation? Forget it. That's for the wealthy.<br /><br />THAT'S life in a deflation.James Pannozzihttps://www.blogger.com/profile/12867392164816860844noreply@blogger.com