Inflation, by its definition in "Websters Handy College Dictionary" is a noun, a condition in which the money in circulation is excessive for the commodities on sale or being used.
Now I'm no scholar, or have an economic degree, or even understand the amount of money 787 billion dollars is.(are?) Inflation probably was derived from the word inflate...I don't know....but maybe, and probably. Inflate means to fill with air, swell, raise or expand, and it also means to exaggerate! It also means overblown, grandiose, ostentatious, pompous, pretentious, verbose. My favorite of those definitions is overblown....no wait, it's grandiose, I mean it's pompous, no I think it is definitely filled with air. Hot air most likely! Did anybody read or understand the 1200 pages of "The Plan"?
I had to go to Websters to look up those meanings....where do politicians go to look up how to spend money? They go back in history, and see what they did before them (I think) and if history proves them right, we will see.....
So now we have too much money, that we don't know what to do with (lets spend it) So inflation will be coming at 'ya. Hang on, it will be a wild ride for years to come! You think this recession or depression is bad....Wait... this 787 billion will seem like chump change in a few years. You know what they say...."Pay backs are a Bitch" can I say that?
Dick Beals
Thanks for sharing.. The pay back will be a bitch not only for us but for our great-great grand children and beyond as well. Not a nice picture....
Hi Diane,
I apologize for not giving you credit...it was your blog and article that stuck in my mind regarding inflation. Thanks for commenting, and that article made a lot of sense to me!
Dick Beals
Dick,
You are just full of good news! Aren't you?
Cynthia, Yes! A lot of us (maybe you) do not remember the early eighties?? I do...it was crazy! What I mean by this is, it is a great time for us as Realtors to get our ducks in a row and lined up and get ready 'cause things will be hopping soon. The good news is that I'm seeing a lot of buyers coming into the market!
Dick Beals
On the bright side, inflation is great for those of us holding fixed rate debt on real estate assets!
Hi Tim, thanks for commenting, that is why it is so smart to buy now at these low rates.
Dick Beals