[JMintzer]

Originally Posted by Pugchief

You clearly also don't understand this. The problem isn't immigration, it's illegal immigration and welfare handouts to the "migrants". If the gravy train was cut off, there wouldn't be a problem.

Correct. And we would still get plenty of "legal" immigrants...

[Stu from NYC]

Originally Posted by JMintzer

Still bangin' that drum, I see...

Fact is, "the rich" actually paid LESS taxes (as a percentage of their income) in 1960 than they do today...

I've given you this FACTUAL information, time and time again, yet you continue to ignore it...

You could tax all of the millionaires and billionaires incomes at 100% and it wouldn't make a dent in the National Debt...

Some people do not want to change their preconceived thoughts no matter how many people show them they are wrong

[Gigi3000]

Originally Posted by Pugchief

Not sure why you would make this comment without understanding. You should indeed worry for your kids, but inflation is caused by printing money out of thin air. More money supply = inflation.

The higher cost of borrowing filters into prices too

[jimbomaybe]

Originally Posted by Gigi3000

The higher cost of borrowing filters into prices too

Cheap money encourages spending = + inflation, expensive $ discourages spending reduces demand less inflationary pressure

[Caymus]

Originally Posted by jimbomaybe

Cheap money encourages spending = + inflation, expensive $ discourages spending reduces demand less inflationary pressure

That is only f you are spending your own money. "People" that spend other's money don't care.

[Pugchief]

Originally Posted by Gigi3000

The higher cost of borrowing filters into prices too

It affects prices, but not inflation. If you pay cash for a house or car, the prevailing interest rates are irrelevant.

Again: Inflation is literally a relative increase in the money supply, AKA federal money printing.

Inflation occurs when the supply of money increases relative to the level of productive output in the economy. Prices tend to rise because more dollars are chasing relatively fewer goods. Another way of stating this phenomenon is that the purchasing power of each money unit declines.

Investopedia

[Stu from NYC]

Originally Posted by Pugchief

It affects prices, but not inflation. If you pay cash for a house or car, the prevailing interest rates are irrelevant.

Again: Inflation is literally a relative increase in the money supply, AKA federal money printing.

Investopedia

If a companies borrowing costs go up they will do their best to increase prices for their product. That is inflation

[jimbomaybe]

Originally Posted by Caymus

That is only f you are spending your own money. "People" that spend other's money don't care.

The effect is the same in any event " One's demeanor at the feast depends on who's ox was gored to produce said feast"

[jimbomaybe]

Originally Posted by Stu from NYC

If a companies borrowing costs go up they will do their best to increase prices for their product. That is inflation

Low interest rates stimulate spending, economic activity, higher rates cool down the economy , that why the fed adjusts the interest rate, if any cost go up it will of course put pressure to raise the prices of goods and services business , taking out a loan for day to day expenses doesn't sound like a winning business plan, taking out a loan or floating a bond issue to expand a business, different, high rates discourage that depressing economic activity

[Pugchief]

Originally Posted by Stu from NYC

If a companies borrowing costs go up they will do their best to increase prices for their product. That is inflation

No, it isn't. Did you read the linked article?