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Thanks John,<br>
<br>
This is all very interesting information about Inflation.<br>
<br>
It'll be very interesting to see how Bitcoin start effecting this
durring the next decade. Currently, when we get to far ahead of
ourselves, and head into a "great recession", the federal reserve
is able to help keep it from becoming a depression by printing and
spending lots of money (largely on stupid things like the
government buying used cars to be destroyed).<br>
<br>
The big problem is, when we head into such retractions, there has
never been any place to invest money, as everything crashes in
value, even cash if the federal reserve is printing it, as it
should. But Bitcoin is dramatically changing this Big time.
Anything like the US government threatening a default on their
loans, causes the price of Bitcoin to rocket. The next time
things turn down, I'm going to have all my capital in Bitcoins, as
they are sure to explode in value.<br>
<br>
Sure, people say deflation is a bad thing, but not if people are
getting stinking rich by holding Bitcoins. Then they can spend
such wealth on much better things than buying used cars to
destroy.<br>
<br>
In such a world, printing money may help stop deflation of the
dollar, but what about virtual currencies? What effect will that
have on Governments attempting to stimulate economies? What is
the next 'great recession' going to be like?<br>
<br>
Brent Allsop<br>
<br>
<br>
<br>
<br>
On 10/27/2013 11:31 AM, John Clark wrote:<br>
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cite="mid:CAJPayv2jW0MSVOZ0+uORzdVUa946a1c_F-iApZscJUc5h68wGA@mail.gmail.com"
type="cite">
<div dir="ltr">For those who think that inflation in the USA is
the most important economic problem in the world today and is so
high that every effort, no matter how draconian, should be used
to decrease it, take a look at this graph: <br>
<div><br>
<a moz-do-not-send="true"
href="http://www.nytimes.com/interactive/2013/10/27/business/economy/inflation-falls.html?ref=economy">http://www.nytimes.com/interactive/2013/10/27/business/economy/inflation-falls.html?ref=economy</a><br>
<br>
<br>
</div>
<div> John K Clark<br>
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