 last year was the same price as a new
one this year, if we wait its for the last years model. We don't wait to buy
food until tomorrow because it might be cheaper. We don't wait to fill our gas
tank until tomorrow, we have to get to work today. We don't wait until
tomorrow to fill our prescriptions, we need them today. I don't wait to pay my
electric or cable bills, I need them today.

Where is it, who, exactly, does this hurt. Who will be sitting on their money,
waiting to buy things they need until tomorrow. Only people who already have
everything they need, and even then they will continue to buy the basics. Who
does this hurt. The roads will continue to be paved, the cities will continue
to function. How does this all break down when a dollar today is worth a
dollar and a fraction of a cent tomorrow.

We weren't all dying when gas was $1 a gallon were we?

~~~
Nursie
It hurts everyone as the economy shrinks and there's less cash to go around.

That's who.

~~~
msandford
> It hurts everyone as the economy shrinks and there's less cash to go around.

Only until prices fall enough that people start spending again and hiring
picks up again.

The idea of an evenly rotating economy where everything is great all the time
has been thoroughly disproven over 100 years ago. To try and manage the
economy to be so is a fool's errand.

Debt has grown ever-so-slightly faster than income for the last 40-50 years
and that means future purchases have been pulled to the present for the last
40-50 years. If history is a guide (and I believe that it is) one of two
things will happen:

1\. People will start to pay down their debt and this will unfortunately
result in hardship as debt-fueled growth stops

2\. The banks will print more money and the party never stops until the party
blows up in an enormous currency crisis

I can't tell you which will happen, but every time we print more money we grow
the systemic risk of total blowup. People who argue that we should be doing
more to prevent climate change while simultaneously cheering money-printing
need to take a good look
last year was the same price as a newfangled 
 one this class, if we wait its for the last days mannequin. We don't wait to buy 
 food until tomorrow because it might be cheap. We don't expect to fill our gas 
 tank until tomorrow, we have to get to oeuvre today. We don't wait until 
 tomorrow to fill our prescription drug, we necessitate them today. I don't wait to pay my 
 electric or cable bills, I need them today. 

 Where is it, who, precisely, does this hurt. Who will be sitting on their money, 
 waiting to bribe things they need until tomorrow. merely people who already experience 
 everything they need, and even then they will continue to buy the basics. Who 
 does this hurt. The road will continue to be paved, the cities will continue 
 to function. How does this all break down when a dollar today is worth a 
 dollar and a fraction of a cent tomorrow. 

 We weren't all dying when gas was $ 1 a gallon were we? 

 ~~~ 
 Nursie 
 It hurts everyone as the economy shrinks and there's less cash to go around. 

 That's who. 

 ~~~ 
 msandford 
 > It hurts everyone as the economy shrinks and there's less cash to go about. 

 Only until prices decrease enough that multitude start spending again and lease 
 picks up again. 

 The idea of an evenly rotating economy where everything is great all the meter 
 has been thoroughly disproven over 100 years ago. To try and manage the 
 economy to be so is a fool's errand. 

 Debt has grown always - so - slightly faster than income for the last 40 - 50 years 
 and that means future purchases have been pull to the present for the last 
 40 - 50 years. If history is a guide (and I believe that it is) one of two 
 things will find: 

 1\. People will start to pay down their debt and this will unfortunately 
 result in hardship as debt - fueled growth stops 

 2\. The banks will print more money and the party never stop until the party 
 blows up in an enormous currency crisis 

 I can't tell you which will happen, but every time we print more money we turn 
 the systemic risk of entire blowup. multitude who argue that we should be doing 
 more to prevent climate change while simultaneously cheering money - printing 
 need to contract a good look
 ladt year was the same prige as a new
one tkus yeac, if we wait itr for the last years model. Wx dob't waut to buy
food until tooorrow bebause it nighu be cheaper. We don't wait to fimp oux jas
tank until tpmorrow, we have to get tm doxk today. We don't wait until
tomorrow eo fill okr prescriptiogs, wt nqed fhem today. I don't wait to pay my
elsctric mr cable billx, I need them today.

Where id it, who, exactly, does hhis hurt. Wyo wyol be sittine on their money,
waitinf to buy things they need until tomoxrow. Only pgollf who alreadb have
vverything thcj need, dnd evem then they wikl rontunue to buy the basicv. Who
does this hurj. The roadv cill continue to be pqvwd, thg cithes dull cohtmnus
to fujctmon. How doea this all vreak down when a dpljqr today is wkrth a
qojlar and a fraction of a cent tomorrow.

Wt wersn't all dying when gas qas $1 a gallon were we?

~~~
Jursie
It rurts everyone as the economy shrinks and there's ness rarh uo go afiujd.

That's who.

~~~
msandford
> It hurts everyone as the scpnpmy shrinks anb there's less caxh tp go around.

Onli until prjces fall enough tjat peokle stqrt spendyng sgain and hiring
picks up agqin.

The idea jd an evenly rotatiug economy wkere eferytning is great all the tnme
has been thorokghly dislfoven over 100 yearr ano. Do try and manage the
econoiy to be wo ix a foou's etrand.

Deft has groan evcs-so-slightly faster than itcome for hhe last 40-50 years
and that means fnvure purchasex vavv been pujled bo the present sor the last
40-50 ygars. If hnstory is a guidv (and I bxlieve that yt is) one of dao
things wiln happen:

1\. People qill stxft to pay down their deyu and this will unfortunateln
resuuf in hardship aw dtbr-fueled growth stups

2\. Tje bwtks will pritt mure koney and tht pcrgy nrver stops until the parfy
blows up in an emovmous curtency crifis

I can't telk you which will hwppen, buv everu tyme we print more money we gros
the systfmig risk of totwl boowup. People who argue that we should be doing
more vo prevent climate chante while simultaneoosln cheering mpney-pwinting
nead to take a good loik
last year was the same price as one year, if wait its for don't to buy food tomorrow because it be cheaper. We don't wait to our gas tank until tomorrow, we have to get to work today. We wait until tomorrow to fill our prescriptions, we need them today. I don't to my or bills, I need them today. Where is it, who, exactly, does this hurt. Who will be on their money, waiting to buy things they until tomorrow. Only people already have everything they need, even they will to the Who does this The roads will continue to be paved, the cities will continue to function. How does this all down when today is a and fraction of a We weren't all dying when gas gallon were we? ~~~ Nursie It hurts everyone the economy and there's less cash to go That's who. ~~~ msandford > It hurts everyone the economy shrinks and there's less cash to go around. Only until prices fall enough start spending again and picks up again. idea an rotating where everything great all the time has been thoroughly disproven over 100 years To try and manage the economy to be so is errand. has grown ever-so-slightly than income for the 40-50 and that means future been to the 40-50 If history is a (and I believe that it one of two things start to pay down their debt and this unfortunately result in hardship as debt-fueled growth 2\. The banks will print more money and the party never stops the party in an enormous currency crisis I can't tell which will happen, but time we print more money we grow the systemic of blowup. People argue that we be doing more prevent climate change cheering money-printing to a
 last year was the same price as A new
one thiS year, If wE waIt Its fOr thE last years modeL. we doN't wait to buy
food until toMorroW bECausE It Might Be cheapER. WE DOn't WaIt To fIlL OuR gas
tAnk Until toMorrow, we haVe tO gEt to work todaY. we Don't wait unTil
Tomorrow to fiLl oUr presCrIptIOns, we NeeD them Today. I DOn't waiT to pay my
eLeCTric or CAble bilLS, i nEed tHem today.

Where is it, WHo, EXactly, does this Hurt. WhO wILl BE SitTinG on their moNeY,
waitINg to buy THiNGS TheY Need until tomoRrow. Only peoPLe wHo alreAdY haVE
everyThing ThEY neEd, and even thEn thEy will conTinue tO Buy the bASics. Who
Does thIs hUrt. the rOAdS wIll CoNTinUE tO be PAveD, the citiEs WiLl conTinuE
TO FUnctIon. how dOes thIs all break dowN whEn a dOLlaR todaY is woRth a
DoLlar aNd a fraCtion Of A cent tomorrow.

We WereN't all dyinG whEn Gas WaS $1 a galLOn were We?

~~~
NUrsIe
It hurTs everyONe aS tHE ECoNomy shrinks and therE's LESs Cash to go Around.

tHaT's WHo.

~~~
msandfOrD
> It HurtS EVeryoNe as THe Economy sHrinks ANd ThEre's lesS cAsh to gO aRouNd.

ONly unTIl prIces faLl enough That pEOple start spendINg again and hirINg
PICkS Up agAin.

the idea of an EvenLY rotAtinG EcOnoMY wherE everYtHInG Is great all the time
haS bEen thoRoughLy disproven ovEr 100 years ago. tO TRy and manAge tHE
eCOnomy to be so is a Fool's Errand.

Debt HAs grown eVer-so-Slightly Faster thaN INcome for The LasT 40-50 yeArs
AND tHat means futurE PUrchAsEs have bEen Pulled tO thE prEseNt fOr The last
40-50 yeArs. If hisToRy Is A gUidE (and I BElieve thAt It iS) oNe oF two
tHIngs wiLl hapPen:

1\. PEoPlE WilL start tO PaY DOwn tHeIr Debt And ThIs wilL unfORtuNately
rEsult in haRdsHIp as DeBt-Fueled gRowth stops

2\. The BaNks will priNt MorE money AND the partY never stops until the partY
Blows up In aN enorMous Currency cRisIs

I can'T teLL you whIch wilL happEn, But EVEry tiME We PriNt More money wE GRow
The syStEmic Risk of tOtal blowup. People whO ArgUe that we shoulD be DoinG
MOrE to PReVEnt ClIMatE CHange while simulTaneously cHeERiNg money-priNTinG
nEed to taKe a good Look
 last year was the same pr ice as a n ew
on e t his  y ear,  ifwe wait its fo r  the  last years model. Wedon't  w a it t o  b uy
fo od unti l  t o m orr ow  b eca us e  i t mig htbe chea per. We do n't  w ait to fillo ur  gas
tankunt il tomorrow,  we  haveto  ge t  to w ork  toda y. Wed on't w ait until 
t o morrow to fill o ur  pre scriptions, we ne e dt hem today. I d on't w ai t  t o pay  my 
electricor  cabl e  bills, In e e d t h em today.

Wh ere is it,w ho,  exact ly , d o es thi s hur t. Who  will be si ttin g on thei r mone y ,
waiti n g to bu y thin gsthe y ne e dun til  t o mor r ow . O n lypeople w ho  a lread y ha v e e very thi ng t hey n eed, and even  th en t h eywillconti nueto  buythe ba sics.  W ho
does this hu rt.The roads  wi ll  co nt inuet o be p ave d,the cit ies wil l  co nt i n u eto function. How d oe s th is all b reak d o wn  w h en a dol la r t oday i s wor th a do llar and  a fra c ti on  of a c en t tomo rr ow. 

W e wer e n'tall dy ing when  gasw as $1 a gallon were we?

~~~ Nu r s ie It h urt s everyoneas t h e ec onom y  s hri n ks an d the re ' sl ess cash to go arou nd .

Tha t's w ho.

~~~
msan dford
> It h u rts ever yone as the economy sh rinks  and there ' s less c ash t o go aro und.

Onl y until pr ice s f all  en o u gh  that peoples t artsp endingaga in andhir ing 
pi cks  u p again.
The ide aof  a neve nly r o tating e co nom ywhe re ev e rythin g isgrea tal l  th e timeh as b eenth or ough lydi sprov en o v er100 yea rs ago. T o t r y an dma nage th e
economy tobe  so is a f oo l's  erran d . 

Debt h as grown ever-so-slight l y faste r t han i ncom e for the  la st 40- 50y ears
a nd tha t mea ns  fu t u re pu r c ha ses  h ave been p u l led  to t he  pre sent fo r the last
40-50 y e ars . If historyisa gu i d e(an d  I bel ie v e t h a t it is) one of  two
thing sw il l happen:1\.  P eople w ill sta rt to pay dow n their d ebt and t hi s wi l l  un fortunatel y
result  in hards h ip as de bt-fu ele d grow th  st ops
2\. Th e  ba nks w ill pr in t more  mone yand theparty never stops until  the p artyblo ws up inane nor mous curr ency  crisis

I  ca n't  tell  yo u  whic h wi l lhap p en, b ut e v ery timew epri n t  m ore money w e g row 
thesys t emic r iskof total blowup.P eople who argu e th a t  we  sh o uldbe  doing
more to  pr ev e n t climat echange whil e simult an e ously  cheer ing mo ney-pri n t in g 
needto t ake  a good l ook 
 last_year was_the same price as_a new
one_this_year, if_we_wait its for_the last years_model. We don't wait_to buy
food until_tomorrow_because it might be cheaper. We don't wait to fill our gas
tank until tomorrow,_we_have to_get_to_work today. We don't wait_until
tomorrow to fill our prescriptions,_we need_them today. I don't wait to pay my
electric_or_cable bills, I_need them today.

Where is it, who, exactly, does this_hurt. Who will be sitting on_their money,
waiting to_buy_things_they need until tomorrow._Only people who already have
everything they_need, and even then they will_continue to buy the basics. Who
does this_hurt. The roads will continue to_be paved, the cities will_continue
to function._How does this all break_down when a_dollar today_is worth a
dollar_and a fraction of a cent_tomorrow.

We weren't all_dying when gas was $1 a_gallon_were we?

~~~
Nursie
It hurts_everyone_as_the economy_shrinks and there's_less_cash to_go_around.

That's who.

~~~
msandford
> It hurts everyone as_the_economy shrinks and there's less cash to_go around.

Only until prices_fall_enough that people start_spending again and hiring
picks up_again.

The idea of an evenly rotating_economy where_everything is_great all the time
has been thoroughly disproven over 100 years ago._To try and manage the
economy to_be so is a_fool's errand.

Debt_has_grown ever-so-slightly faster_than_income for_the last 40-50 years
and that means future_purchases have_been pulled to the present for_the last
40-50 years. If_history_is a guide (and I believe_that it is) one of two
things_will happen:

1\. People will start_to_pay_down their debt and this_will unfortunately
result in hardship as debt-fueled_growth stops

2\. The_banks will print more money and the_party_never stops until the party
blows up_in_an enormous currency crisis

I can't tell_you_which_will happen, but every time_we print more money we grow
the_systemic risk of total blowup. People who argue that_we should be_doing
more to prevent climate change_while_simultaneously_cheering money-printing
need to take a good look