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Reply #120: To paraphrase Will Rogers: [View All]

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Home » Discuss » Topic Forums » Economy Donate to DU
Art_from_Ark Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Dec-27-10 08:41 PM
Response to Reply #116
120. To paraphrase Will Rogers:
Edited on Mon Dec-27-10 09:16 PM by Art_from_Ark
"You say it's not inflation, and they say it's not inflation. So it's not inflation. But the people who are seeing the purchasing power of their fixed incomes decrease every year say it's the best imitation they've ever seen"

Really. The world knows the 1% or whatever official inflation rate is just bullshit. If prices are going up, that's inflation, regardless of the official pronouncement.

As for gold, the market has lasted for thousands of years. Your trite quote "Markets can remain irrational much longer than you can remain solvent" doesn't make any sense whatsoever in this context.
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