>
> In article , Marcello
> nospam.com> wrote:
>

>> As long as US GDP keeps outpacing US inflation, there is nothing to be
>> concerned about. To multiply by a factor of 10 over a 50 year span you
>> need
>> a 4.7%% interest rate...so unless you are keeping your money under your
>> mattress the historical rate of inflation is hardly a concern. Simple
>> concepts, you just gotta do the math. The sky is hardly falling.

>
> Perhaps where you live. But where I live (and I doubt any other place
> in the US is much different) inflation hurts certain classes of people,
> particularly older people for whom fixed or low-mobility income factors
> mean much more than increases in GDP. Inflation causes them to have to
> choose between food and medications, wiping out any discretionary
> income they have and making them vulnerable to increased expenses like
> rent increases or trips to the emergency room. ...

>>> As long as US GDP keeps outpacing US inflation, there is nothing to be
>>> concerned about. To multiply by a factor of 10 over a 50 year span you
>>> need
>>> a 4.7%% interest rate...so unless you are keeping your money under your
>>> mattress the historical rate of inflation is hardly a concern. Simple
>>> concepts, you just gotta do the math. The sky is hardly falling.

>> "hard times" wrote:
>> Perhaps where you live. But where I live (and I doubt any other place
>> in the US is much different) inflation hurts certain classes of people,
>> particularly older people for whom fixed or low-mobility income factors
>> mean much more than increases in GDP. Inflation causes them to have to
>> choose between food and medications, wiping out any discretionary
>> income they have and making them vulnerable to increased expenses like
>> rent increases or trips to the emergency room.

> Marcello wrote:
> And those who have prepared for retirement poorly should be saved at my
> expense why???

>
> Marcello wrote:

>>>> As long as US GDP keeps outpacing US inflation, there is nothing to be
>>>> concerned about. To multiply by a factor of 10 over a 50 year span
>>>> you
>>>> need
>>>> a 4.7%% interest rate...so unless you are keeping your money under your
>>>> mattress the historical rate of inflation is hardly a concern. Simple
>>>> concepts, you just gotta do the math. The sky is hardly falling.

>

>>> "hard times" wrote:
>>> Perhaps where you live. But where I live (and I doubt any other place
>>> in the US is much different) inflation hurts certain classes of people,
>>> particularly older people for whom fixed or low-mobility income factors
>>> mean much more than increases in GDP. Inflation causes them to have to
>>> choose between food and medications, wiping out any discretionary
>>> income they have and making them vulnerable to increased expenses like
>>> rent increases or trips to the emergency room. ...

>
> The matter of inflation and how some people can't or won't deal with
> and so suffer at some point when it's too late to recover is a subject
> within the main topic. As far as I'm concerned, I'm speaking of what I
> think will develop into a depression much like the Great Depression.
>
> Many people believe the government when the word comes down that
> inflation is low and under control, when it is really high and out of
> control, mainly for those who are older or who haven't gained a firm
> foothold in the system(s) and who never will. No matter how they got
> there, even if it's by miscalculation, they're there, it's painful, and
> we can't turn our backs on them.