Mythology [/QUOTE] Turkey... I took this from Wikipedia.. The following are based on yearly averages: 1960s – 1 U.S. dollar = 9 Turkish lira 1970 – 1 U.S. dollar = 11.3 Turkish lira 1975 – 1 U.S. dollar = 14.4 Turkish lira 1980 – 1 U.S. dollar = 80 Turkish lira 1985 – 1 U.S. dollar = 500 Turkish lira 1990 – 1 U.S. dollar = 2,500 Turkish lira 1995 – 1 U.S. dollar = 43,000 Turkish lira 2000 – 1 U.S. dollar = 620,000 Turkish lira 2005 – 1 U.S. dollar = 1,350,000 Turkish lira[7][8] From 1980-2005, the Turkey stock market went up > 2 MILLION percent! And if you'd been invested for that entire ride, you still would have lost 98% of the buying power of your money when the Trukish government devalued the currency overnight by 1:1,000,000. They literally "lopped off 6 zeros"!
Suffer in the loose PC lefty way, where they don't get everything they've ever wanted handed to them on a plate. I prefer, making people work and making people tough and capable of surviving on there own, not enabling mental illness or keeping wastes of utter space alive, but hey!!
Well yeah... that IS "Lefty suffering".... which explains while so many of them were triggered to go "screaming into the night" when Hellary didn't win.
In the UK they use alterations in the annual pension saving allowance. Follow the link below it shows the inflation rate against pension saving alterations, which has enbaled the interest rate to remain low it has also adhered closely to the economic growth targets. http://morganisteconomics.blogspot.com/p/success.html
Yeah, just print unlimited money and hand it out to all, everyones rich, nobody has to work, what could go wrong. Always borrow more money, as my lefty mate says.
There is some substance to that line of thought. We've made it too easy and not all that painful to get away with defaulting on our debts... much to our discredit. I say, "bring back debtor's prison!" Seems the notion of, "If I don't pay back my debt, somebody else takes it in the neck... is fine with deadbeats so long as they are not ones who lose out." (You probably wouldn't think that way if you were the lender who didn't get paid back on your loan and had to write it off as a loss.) We see it all the time. TV ads... "If you have $10,000 credit card debt, let us show you how to get free of that (by paying much less than you owe... so that the CC company takes it in the neck)". Or, "If you owe the IRS huge sums you can't pay, let us show you how to get off the hook for much less".. (in this case, the taxpayers in general take it in the neck.). And then there's the "forgive your college debt loans"... another taxpayer hickey. Makes me wanna vomit! (I had a cousin who was a junior bank executive that got brain cancer. In his final months, the ran up a bill of >$100k on his credit cards.... partying and buying "rounds for the house". When I asked him about that, the said, "Fuck 'em! Credit card banks have lots of money." Where do you go from there?) Bottom Line... debt ALWAYS gets accounted for. Often, it's a loss absorbed by somebody other than he who spent the money. Nothing righteous in that.
That depends on what happens to inflation, which itself depends on a complex interplay of political/institutional, social and psychological factors. At the moment it seems that inflation will remain low for the foreseeable future, but political changes (like helicopter money / "people's QE", socialist redistribution, or institutional efforts to force wages up) could well cause it to turn up.
We are already in the process of "inflation escalating".. though the Fed manipulates the data, parameters and narrative to give the impression we are not... that "there is no inflation, so we can continue to lower rates and goose the money supply".. which is a complete LYING CROCK OF SHIT!!
There have been lots of claims along these lines over the years but they've all turned out to be silly in hindsight - e.g. John Williams and his preposterous claim that US GDP has been steadily contracting since 2000, due to an understated deflator. Granted that any measurement of "inflation" involves lots of guesswork and subjectivity when it comes to hedonic adjustments, but the numbers just can't be dramatically off-base. If they were then weird effects would show up elsewhere, e.g. in productivity figures or corporate earnings, and the USD would also presumably be steadily declining.