RSS iconTwitter iconFacebook icon

The Trek BBS title image

The Trek BBS statistics

Threads: 139,622
Posts: 5,426,558
Members: 24,809
Currently online: 516
Newest member: down to earth

TrekToday headlines

IDW Publishing December Trek Comics
By: T'Bonz on Sep 17

September Loot Crate Features Trek Surprise
By: T'Bonz on Sep 16

USS Enterprise Miniature Out For Refit
By: T'Bonz on Sep 16

Star Trek/Planet of the Apes Comic Crossover
By: T'Bonz on Sep 16

Trek 3 Shooting Next Spring?
By: T'Bonz on Sep 16

Star Trek: Alien Domain Game Announced
By: T'Bonz on Sep 15

Red Shirt Diaries Episode Three
By: T'Bonz on Sep 15

Made Out Of Mudd Photonovel
By: T'Bonz on Sep 15

Takei Has Growth Removed
By: T'Bonz on Sep 15

Retro Review: Tears of the Prophets
By: Michelle on Sep 12


Welcome! The Trek BBS is the number one place to chat about Star Trek with like-minded fans. Please login to see our full range of forums as well as the ability to send and receive private messages, track your favourite topics and of course join in the discussions.

If you are a new visitor, join us for free. If you are an existing member please login below. Note: for members who joined under our old messageboard system, please login with your display name not your login name.


Go Back   The Trek BBS > Lounges & General Chat > Miscellaneous

Miscellaneous Discussion of non-Trek topics.

Reply
 
Thread Tools
Old November 20 2008, 07:21 PM   #1
propita
Rear Admiral
 
Location: fresno, ca, us
Who here is worried about deflation?

I remember when I was a kid, seeing pictures of the Depression (apples for a nickel, etc) and asking my Dad why didn't people just buy the food. He said they literally didn't have any money. That that was called "deflation," where the prices keep dropping but no one's buying anything.

So does that mean that people who DO have continuing jobs, paying the same wages as this year, would come out of this fairly well?

Any economists out there who're willing to explain?
propita is offline   Reply With Quote
Old November 20 2008, 07:23 PM   #2
Gagh
Commodore
 
Gagh's Avatar
 
Location: Gosport, England
Re: Who here is worried about deflation?

Sultry Susan sprung a leak last week, but luckily I'd got a puncture repair kit the week before. Thanks for asking, my friend.
Gagh is offline   Reply With Quote
Old November 20 2008, 07:25 PM   #3
propita
Rear Admiral
 
Location: fresno, ca, us
Re: Who here is worried about deflation?

Gagh wrote:
Sultry Susan sprung a leak last week, but luckily I'd got a puncture repair kit the week before. Thanks for asking, my friend.
That took me a second, then .
propita is offline   Reply With Quote
Old November 20 2008, 07:27 PM   #4
John Picard
Vice Admiral
 
John Picard's Avatar
 
Location: Waiting for Dorian Thompson to invite me to lunch
Re: Who here is worried about deflation?

If I were you, I'd worry more about Stagflation.
__________________
Don't like my posts? Fill out a report.
Psssstttt - Dorian, my location.
John Picard is offline   Reply With Quote
Old November 20 2008, 07:29 PM   #5
Mr Awe
Rear Admiral
 
Re: Who here is worried about deflation?

It all comes down to supply and demand. If demand drops, the prices drop. Demand can drop for a variety of things from an item being last year's fashion to fewer people having spending money. No, I don't think deflation will be a big problem. But, yes, for those who have money, if the prices drop they can buy more.

Mr Awe
Mr Awe is offline   Reply With Quote
Old November 20 2008, 07:38 PM   #6
Mallory
Moderator
 
Mallory's Avatar
 
Location: Oregon, USA
Re: Who here is worried about deflation?

I'm not worried about deflation. I'm more worried about the combination of inflation, high unemployment and soaring interest rates and/or tight credit.
__________________
Beer is proof that God loves us and wants us to be happy - Benjamin Franklin
You can't hide from Mallory, he's, like, all-seeing and all-knowing, which is also really creepy. - Goji
Mallory is offline   Reply With Quote
Old November 20 2008, 08:33 PM   #7
Meredith
Vice Admiral
 
Meredith's Avatar
 
Location: Abh Space
Re: Who here is worried about deflation?

No worries about deflation as long as my salary doesn't deflate too much.
__________________
Laws only work if everyone is honest, no piece of paper is going to stop a truly deranged person from doing something atrocious.
Meredith is offline   Reply With Quote
Old November 20 2008, 10:30 PM   #8
Captain Intrepid
Vice Admiral
 
Captain Intrepid's Avatar
 
Location: Formerly TheMacMan
Re: Who here is worried about deflation?

propita wrote: View Post
So does that mean that people who DO have continuing jobs, paying the same wages as this year, would come out of this fairly well?
A lot of people did very very well for themselves during the Great Depression. Of course, a lot of people starved or froze to death or were shot by corporate agitators too.
__________________
"You... you don't know me. You've just seen my penis."
Captain Intrepid is offline   Reply With Quote
Old November 20 2008, 10:31 PM   #9
John Picard
Vice Admiral
 
John Picard's Avatar
 
Location: Waiting for Dorian Thompson to invite me to lunch
Re: Who here is worried about deflation?

Mallory wrote: View Post
I'm not worried about deflation. I'm more worried about the combination of inflation, high unemployment and soaring interest rates and/or tight credit.
Stagflation.
__________________
Don't like my posts? Fill out a report.
Psssstttt - Dorian, my location.
John Picard is offline   Reply With Quote
Old November 20 2008, 10:48 PM   #10
Elmo Dukat
Guest
 
Re: Who here is worried about deflation?

John_Picard wrote: View Post
Mallory wrote: View Post
I'm not worried about deflation. I'm more worried about the combination of inflation, high unemployment and soaring interest rates and/or tight credit.
Stagflation.
Me too. In fact, that's how policy has been trending lately, even though easy money and high taxes is a historically losing combination. But what do you do when you don't like the lessons of history? Well, write your own version of history, of course!
  Reply With Quote
Old November 20 2008, 11:16 PM   #11
Mallory
Moderator
 
Mallory's Avatar
 
Location: Oregon, USA
Re: Who here is worried about deflation?

John_Picard wrote: View Post
Mallory wrote: View Post
I'm not worried about deflation. I'm more worried about the combination of inflation, high unemployment and soaring interest rates and/or tight credit.
Stagflation.
Sometimes a more simple explanation works best JP.
__________________
Beer is proof that God loves us and wants us to be happy - Benjamin Franklin
You can't hide from Mallory, he's, like, all-seeing and all-knowing, which is also really creepy. - Goji
Mallory is offline   Reply With Quote
Old November 20 2008, 11:24 PM   #12
John Picard
Vice Admiral
 
John Picard's Avatar
 
Location: Waiting for Dorian Thompson to invite me to lunch
Re: Who here is worried about deflation?

Mallory wrote: View Post
John_Picard wrote: View Post
Mallory wrote: View Post
I'm not worried about deflation. I'm more worried about the combination of inflation, high unemployment and soaring interest rates and/or tight credit.
Stagflation.
Sometimes a more simple explanation works best JP.
__________________
Don't like my posts? Fill out a report.
Psssstttt - Dorian, my location.
John Picard is offline   Reply With Quote
Old November 20 2008, 11:31 PM   #13
Mr. Laser Beam
Fleet Admiral
 
Mr. Laser Beam's Avatar
 
Location: The visitor's bullpen
View Mr. Laser Beam's Twitter Profile
Re: Who here is worried about deflation?

I'm not worried about deflation or even stagflation. I just prefer flation.
__________________
It is by caffeine alone I set my mind in motion. It is by the beans of Java that thoughts acquire speed, the hands acquire shakes, the shakes become a warning. It is by caffeine alone I set my mind in motion.
Mr. Laser Beam is offline   Reply With Quote
Old November 21 2008, 12:01 AM   #14
Holdfast
Procul, O procul este profani!
 
Holdfast's Avatar
 
Location: 17 Cherry Tree Lane
Re: Who here is worried about deflation?

propita wrote: View Post
So does that mean that people who DO have continuing jobs, paying the same wages as this year, would come out of this fairly well?
No. Because they wouldn't have their job for long.

Deflation occurs because people are scared to spend money.

No spending = price cuts = job cuts = wage suppression = deflation = your money buys more tomorrow than today.

Follow the cycle through to the logical conclusion. No-one dares spend anything because a) you can buy more tomorrow with the same money and b) they think they're going to lose their job tomorrow.

Your economy hits the wall. Dies. Is buried six feet under. And then starts digging.

Inflation is scary too of course, but deflation is sheer terror.

As JP and others point out though, stagflation is extreme bowel-loosening trauma...

The real problem that central banks are going to face is that they're running out of room to maneouvre on monetary policy. Close to zero interest rates beckon, which DOES create a risk of deflation... and just ask Japan how THAT works out....
Holdfast is offline   Reply With Quote
Old November 21 2008, 01:02 AM   #15
propita
Rear Admiral
 
Location: fresno, ca, us
Re: Who here is worried about deflation?

Holdfast wrote:
propita wrote:
So does that mean that people who DO have continuing jobs, paying the same wages as this year, would come out of this fairly well?
No. Because they wouldn't have their job for long.

Deflation occurs because people are scared to spend money.

No spending = price cuts = job cuts = wage suppression = deflation = your money buys more tomorrow than today.

Well, I figure there are some jobs that remain okay. Hubby's a pharmacist. One way or another, people need their meds--or they get sick and/or die. Pharmacists are in short supply (I've read there are more attorneys in CA than there are pharmacists in the entire US).

So I was hoping that if things do head to 1930s Depression deflation, that Hubby and I will still be...well, not great, but okay.
propita is offline   Reply With Quote
Reply

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT +1. The time now is 03:27 PM.

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
FireFox 2+ or Internet Explorer 7+ highly recommended.