|Re: Discussion on inflation and reserve funds||<– Date –> <– Thread –>|
|From: Brian Bartholomew (bartholomew.brianyahoo.com)|
|Date: Sat, 18 Aug 2018 12:32:40 -0700 (PDT)|
> There are other theories of economics. There are various theories, but there was only one price inflation rate, which everyone experienced no matter what their beliefs are. All humans live in the same physical universe, and the facts of what inflation happened in the past are not dependent on human opinion. Relativism is non-sense. If my economic theory makes an incorrect prediction, I will seek to improve it. In the meantime, I asked shadowstats to defend their data collection and analysis. If there is a hiccup in tax collection or an overspending of budget, then municipal bonds, treasury bonds supporting the dollar, civil service pensions, social security, government-paid healthcare, all of these tax-funded things will be reduced in purchasing power at the same time. I don't see government bonds as a different risk than savings in dollars. Muni bonds would not have helped in Venezuela. Brian
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