Comments on: The evils of inflation http://www.ritholtz.com/blog/2009/10/the-evils-of-inflation/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 17:38:10 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: franklin411 http://www.ritholtz.com/blog/2009/10/the-evils-of-inflation/comment-page-1/#comment-230579 franklin411 Thu, 29 Oct 2009 21:29:58 +0000 http://www.ritholtz.com/blog/2009/10/the-evils-of-inflation/#comment-230579 @wngoju This is Peter Boockvar, not BR. However, I agree with you that this is an utterly ridiculous and blatantly political post. I would argue that the price of gasoline is rigidly controlled by the domestic petroleum cabal and large scale investment funds that artificially manipulate prices via derivatives. Supply and demand has absolutely nothing to do with the price of gasoline. Absolutely nothing--the price is fixed by his friends on Wall Street. @wngoju
This is Peter Boockvar, not BR.

However, I agree with you that this is an utterly ridiculous and blatantly political post. I would argue that the price of gasoline is rigidly controlled by the domestic petroleum cabal and large scale investment funds that artificially manipulate prices via derivatives. Supply and demand has absolutely nothing to do with the price of gasoline. Absolutely nothing–the price is fixed by his friends on Wall Street.

]]> By: emmanuel117 http://www.ritholtz.com/blog/2009/10/the-evils-of-inflation/comment-page-1/#comment-230550 emmanuel117 Thu, 29 Oct 2009 19:49:01 +0000 http://www.ritholtz.com/blog/2009/10/the-evils-of-inflation/#comment-230550 Still beating that inflation drum... Still beating that inflation drum…

]]> By: wngoju http://www.ritholtz.com/blog/2009/10/the-evils-of-inflation/comment-page-1/#comment-230546 wngoju Thu, 29 Oct 2009 19:36:11 +0000 http://www.ritholtz.com/blog/2009/10/the-evils-of-inflation/#comment-230546 I love BR, but, this is ridiculous. Gasoline price movement is extremely complicated and only peripherally related to anything O has done. Ok, fine, take away the $8/week. That'l show 'em. I love BR, but, this is ridiculous. Gasoline price movement is extremely complicated and only peripherally related to anything O has done.

Ok, fine, take away the $8/week. That’l show ‘em.

]]> By: ashpelham2 http://www.ritholtz.com/blog/2009/10/the-evils-of-inflation/comment-page-1/#comment-230527 ashpelham2 Thu, 29 Oct 2009 18:54:17 +0000 http://www.ritholtz.com/blog/2009/10/the-evils-of-inflation/#comment-230527 And that is a great example of why inflation is alive and well. Sure, it's not runaway 100% per annum inflation, and I don't think we have to start printing $1,000,000,000 bills to overcome it (yet), but the costs of running a household and running a business, which are variable but still required, are just going higher and higher. I know that Wal-mart can sell me an LCD tv for $19.99, but I don't those very regularly. I DO however buy infant formula, at 23.00 for 1 weeks' worth, and I DO buy diapers, which have never cost more than they do right now, and I DO pay for childcare, which never goes down in price, and these are FIXED, required costs. There are not alternatives for many people. Babies have to eat, and have to be diapered, and have to have a safe, stable environment during the day when dad and mom are working, and no parents are available for free childcare. It's not getting less expensive to work. It's getting more expensive to live. And that is a great example of why inflation is alive and well. Sure, it’s not runaway 100% per annum inflation, and I don’t think we have to start printing $1,000,000,000 bills to overcome it (yet), but the costs of running a household and running a business, which are variable but still required, are just going higher and higher. I know that Wal-mart can sell me an LCD tv for $19.99, but I don’t those very regularly. I DO however buy infant formula, at 23.00 for 1 weeks’ worth, and I DO buy diapers, which have never cost more than they do right now, and I DO pay for childcare, which never goes down in price, and these are FIXED, required costs. There are not alternatives for many people. Babies have to eat, and have to be diapered, and have to have a safe, stable environment during the day when dad and mom are working, and no parents are available for free childcare.

It’s not getting less expensive to work. It’s getting more expensive to live.

]]>