Comments on: Misunderstanding Inflation http://alephblog.com/2009/09/09/misunderstanding-inflation/ Helping Institutions and Ordinary People Invest Better by Focusing on Risk Control Sun, 12 Feb 2012 18:05:33 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jonathanhttp://alephblog.com/2009/09/09/misunderstanding-inflation/comment-page-1/#comment-23242 Jonathan Thu, 10 Sep 2009 23:53:55 +0000 http://alephblog.com/?p=1999#comment-23242 I would say that our ability to think and question what authorities tell us is our greatest asset. Hence, tuition. College tuition increases at about twice the rate of 'inflation'. Total costs of ~100K a year will not be unheard of in about a decade. Who will be able to afford that? The implications are bleak. We get dumber and poorer (those that do find a way to afford tuition) and income (and 'opportunity') distribution grows more unequal. There's little noise about this I think, because, well, we're getting dumber. Unfortunate cycle. (Disclosure: I'm 33, no kids, post-grad education with debt, own nothing) I would say that our ability to think and question what authorities tell us is our greatest asset. Hence, tuition. College tuition increases at about twice the rate of ‘inflation’. Total costs of ~100K a year will not be unheard of in about a decade. Who will be able to afford that?

The implications are bleak. We get dumber and poorer (those that do find a way to afford tuition) and income (and ‘opportunity’) distribution grows more unequal. There’s little noise about this I think, because, well, we’re getting dumber. Unfortunate cycle.
(Disclosure: I’m 33, no kids, post-grad education with debt, own nothing)

]]> By: Adamhttp://alephblog.com/2009/09/09/misunderstanding-inflation/comment-page-1/#comment-23217 Adam Wed, 09 Sep 2009 17:59:52 +0000 http://alephblog.com/?p=1999#comment-23217 Cheap Asian imports have also helped keep goods prices in check. So many factors to consider, boggles my mind. Cheap Asian imports have also helped keep goods prices in check. So many factors to consider, boggles my mind.

]]> By: johnhttp://alephblog.com/2009/09/09/misunderstanding-inflation/comment-page-1/#comment-23216 john Wed, 09 Sep 2009 17:09:09 +0000 http://alephblog.com/?p=1999#comment-23216 Don't we also have to take velocity into account? And don't we also have to consider which assets become inflated. As oil ramps, I can only think about the dollars flowing out of the country and the stake further pushed into the heart of the American consumer and his/her 67-70% of American GDP. Add to that the ownership of the vast amount of assets being concentrated in the top 5-10% of this country...haven't we already seen this movie -- twice? Don’t we also have to take velocity into account?

And don’t we also have to consider which assets become inflated.

As oil ramps, I can only think about the dollars flowing out of the country and the stake further pushed into the heart of the American consumer and his/her 67-70% of American GDP.

Add to that the ownership of the vast amount of assets being concentrated in the top 5-10% of this country…haven’t we already seen this movie — twice?

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