tag:blogger.com,1999:blog-5524682876220396502.post1713107625717762506..comments2024-03-27T06:56:10.255+00:00Comments on Broad Oak Magazine: Deflation, low interest rates and the poor old saverUnknownnoreply@blogger.comBlogger11125tag:blogger.com,1999:blog-5524682876220396502.post-50381170959337226452009-01-08T22:46:00.000+00:002009-01-08T22:46:00.000+00:00"Why do we save?"The alternative is a debt based e..."Why do we save?"<BR/><BR/>The alternative is a debt based economy - where you borrow to gratify you immediate wants and desires, ultimately that leads to a credit c ..<BR/><BR/>Ahh! perhaps that is not such a good idea either.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-73869716609769828142009-01-08T13:37:00.000+00:002009-01-08T13:37:00.000+00:00We save in the hope that money will store the valu...We save in the hope that money will store the value of the immediate spending foregone. Some hope, it would seem.Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-5370865234176437832009-01-08T10:29:00.000+00:002009-01-08T10:29:00.000+00:00Why do we save? So we can eat in our old age from ...Why do we save? So we can eat in our old age from food we made today. Except we can't keep food for a lifetime. So does that mean that pensions are a con? It seems to suggest that we are making money today to give it to our children when we are old when actually that cash is worthless since the work that was done to creat it is already long gone.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-58388482771089624132009-01-06T23:38:00.000+00:002009-01-06T23:38:00.000+00:00Money is the use of others productivity*time, so G...Money is the use of others productivity*time, so Gold is totally wrong.AntiCitizenOnehttps://www.blogger.com/profile/00017073518049848696noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-222892332543023442009-01-06T18:34:00.000+00:002009-01-06T18:34:00.000+00:00A golden millstone, perhaps?A golden millstone, perhaps?Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-4574280959504133142009-01-06T17:48:00.000+00:002009-01-06T17:48:00.000+00:00Shall we strike a medal for Gordo?Shall we strike a medal for Gordo?James Highamhttps://www.blogger.com/profile/14525082702330365464noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-91915047833543931332009-01-06T17:21:00.000+00:002009-01-06T17:21:00.000+00:00I think I'm with you there, ACO. Gold standard?I think I'm with you there, ACO. Gold standard?Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-78135974508168572152009-01-06T16:36:00.000+00:002009-01-06T16:36:00.000+00:00deflation is bad because it rewards monetary rent ...deflation is bad because it rewards monetary rent seeking which destroys money velocity and thus comparative advantage.<BR/><BR/>deflation is good because it means goods and services are more affordable.<BR/><BR/>I personally favour a very low amount of deflation to reward saving investment over consumption.AntiCitizenOnehttps://www.blogger.com/profile/00017073518049848696noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-79981961707171183772009-01-06T16:24:00.000+00:002009-01-06T16:24:00.000+00:00Gary: thanks!Sebastian: deflation appears to be an...Gary: thanks!<BR/><BR/>Sebastian: deflation appears to be an inevitable consequence of inflation, and bad bouts of either one are not desirable per se. But it's an ill wind... And The Mogambo Guru pointed out quite some time ago, that if the money supply were fixed, then as we continued to become more efficient in producing goods and services, money would gradually appreciate in value. Why would that be a bad thing? Isn't is time we weaned ourselves off the rave-up/hangover cycle?Sackersonhttps://www.blogger.com/profile/09410040031410954403noreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-34584334705114372972009-01-06T09:33:00.000+00:002009-01-06T09:33:00.000+00:00Surely no one is arguing that deflation is a good ...Surely no one is arguing that deflation is a good thing?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5524682876220396502.post-18943680671748134592009-01-06T05:38:00.000+00:002009-01-06T05:38:00.000+00:00Good point!Good point!Garyhttps://www.blogger.com/profile/01904446704748470736noreply@blogger.com