tag:blogger.com,1999:blog-27584252.post6439419915440705594..comments2024-03-22T18:15:47.666+11:00Comments on Boy on a bike: Is this a good idea?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-27584252.post-42867606520821810482009-02-03T09:22:00.000+11:002009-02-03T09:22:00.000+11:00"Burning torches and pitchforks marching towards G..."Burning torches and pitchforks marching towards Government House"<BR/><BR/>You say that like it's a bad thing.<BR/><BR/>WV: reckedne<BR/>Haw!kaehttps://www.blogger.com/profile/05819693069445947851noreply@blogger.comtag:blogger.com,1999:blog-27584252.post-36663445567002865222009-02-02T21:53:00.000+11:002009-02-02T21:53:00.000+11:00The simple answer, BOAB (coming from an armchair, ...The simple answer, BOAB (coming from an armchair, chickenhawk psuedo-economist who only does this for a hobby) is that the only way out for home-debtors in the USA (who manage to hold onto their homes) is good old monetary inflation, so that the capital value of debt is comparitavely reduced by income-push inflation.<BR/><BR/>It happened in the '70's, and there is no reason why it cannot happen again, if the money-printing impetus is applied quickly and substantially enough.<BR/><BR/>Oh, and wages need to go up as well, or else just Government largesse thrown from helicopters...<BR/><BR/>The leftoids of the Western World are hoping and praying for price inflation, in order to get their respective economies (and voting base) out of the shit.<BR/><BR/>Otherwise, it's going to be burning torches and pitchforks marching towards Government House.<BR/><BR/>Australia will not be immune.....Kaboomhttps://www.blogger.com/profile/05678065310675687503noreply@blogger.com