User 86999

Deflation: It's Starting to Get Silly

When there is an elephant running around violently in the streets, do you think someone should tackle the beast, or should it be left alone to do whatever it wants? That's the analogy to show the big corrupt organizations (bank/insurance/auto/w... and the government's role is to tame the beast and to define its boundaries.

The problem with the government is that it's micromanaging/mismanag... the affairs. Now, it's not just a bunch of rowdy elephants that are the problem, but also the ring-masters in this circus that are part of this fiasco. When the government was sleeping while the elephants were slipping out by bribing whoever was supposed to be watching them, that was the time to raise the red flag. And, some people did, but when everyone is drunk on the easy money, voices of sanity are usually ignored; because, some people are just too fond of learning the hard way.

Deflation is a problem for those who have been on credit, and that means a whole lot of US population, and the government itself, and the central bankers cannot allow for that. People who were/are savers, they will gain more purchasing power during deflation, but the government would rather punish those who were careful and reward those who were/are reckless.