Why Does Government Fear Deflation? The Answer May Surprise You

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Monday March 30, 2009 · 9:35 PM PDT

2009/03/30 · 21:35

It has become quite obvious in the last months that the US government is doing its utmost to prevent any prolonged deflation in the economy. Deflation is nearly unanimously declared as evil to be avoided at all costs.

The immediate question is to ask why deflation is so completely unacceptable? Lower prices mean that more people can afford goods and services that were previously out of their price range (e.g. houses). So where is the problem? Well, an often repeated argument against deflation goes like that: in deflation people always hold off on purchasing goods and services in anticipation of an even lower price in the future. People stop buying anything and the economy goes into a tailspin.

This reasoning is utter nonsense. Except for that part about the economy going into a tailspin...

abraxas

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Friday December 26, 2008 · 10:55 AM PST

2008/12/26 · 10:55

Just kidding. He's actually serving food to homeless in Delaware. Jesus Holy Christ, are we about to get an administration that actually cares about the little people?

abraxas

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Sunday November 09, 2008 · 10:34 AM PST

2008/11/09 · 10:34

In a true spirit of a grassroots driven campaign a new website popped up soliciting ideas on what the president-elect should tackle as his priorities after he assumes presidency.

The site is simply named fixthisbarack.com

abraxas

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Thursday November 06, 2008 · 7:48 PM PST

2008/11/06 · 19:48

So we just watched the last State of The Union Address from the O'man before the coming 2012 election year. Read below for my summary of what I think went right and what went wrong during the first term of the Obama presidency. For most of you this is hardly news but I tried to summarize the most important issues that defined the last three years.

Poll

21 votes Show Results

Which is NOT going to happen?

21 votes Vote Now!

Which is NOT going to happen?

Republican breakup

4 votes

Mid East peace agreement

9 votes

Genomics revolution

3 votes

Green car revolution

1 vote

Housing recovery

1 vote

Financial recovery

2 votes

Other (comment)

1 vote

My take on the State Of The Union Address

abraxas

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Thursday October 30, 2008 · 3:15 PM PDT

2008/10/30 · 15:15

So we just heard the last State of The Union Address from the POTUS before the coming 2012 election year. Read below for my summary of what went right and what went wrong in the first term of the Obama presidency. For most of you this is hardly news but I tried to go over most issues that defined the last three years.

Poll

21 votes Show Results

What is NOT going to happen?

21 votes Vote Now!

What is NOT going to happen?

Republican breakup

5 votes

Mideast peace agreement

10 votes

Genome Tech revolution

2 votes

Green Car revolution

1 vote

Obama presidency

2 votes

Housing recovery

0 votes

Financial sector recovery

1 vote

Palin: Freedom of press is a 'privilege' that media 'abuses'

abraxas

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Sunday October 05, 2008 · 6:49 PM PDT

2008/10/05 · 18:49

More scary Palin speak this time on the topic of freedom of the press. If anyone is still not convinced that she would make the scariest VP in the history of this country, read below the fold on what she has to say on the topic of freedom of the press.

Poll

12148 votes Show Results

Can Sarah Palin say anything more stupid

12148 votes Vote Now!

Can Sarah Palin say anything more stupid

No way she's reached the bottom

656 votes

You betcha!

11492 votes

Dow 5000 and The End of The American Dream(tm)

abraxas

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Thursday October 02, 2008 · 2:24 PM PDT

2008/10/02 · 14:24

Dow Jones Industrial average is falling on its ass again. Bailout or no bailout. The truth is that the economic comeuppance has finally arrived and pushing more toilet paper into the holes won't hold the dam. Thus my prediction for January 2009:

DOW 5000

Read below to find out why I'm forecasting collapse.

abraxas

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Tuesday September 30, 2008 · 5:38 PM PDT

2008/09/30 · 17:38

The rumor is that the senate leaders will put the doomed bailout bill up for the senate vote but with a corporate tax CUT tacked on to it.

abraxas

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Sunday September 28, 2008 · 9:13 PM PDT

2008/09/28 · 21:13

What if John McCain decided to try one more stunt to turn this election around? What if he decided to throw every chip on the table and go all in, one bet with everything on it?

What if John McCain decided to replace his running mate?

What if the new running mate was...

abraxas

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Sunday September 28, 2008 · 11:17 AM PDT

2008/09/28 · 11:17

With the upcoming debate we have a classic case of one candidate who is completely steeped in the subject matter and an ignoramus who is completely out of her depth when it comes to anything beyond cursory knowledge gleaned from watching TV soundbites.

Paradoxically Joe Biden has a much harder job here because his side will try to stick with the facts while his opponent will be free to make shit up as she goes along. To us politics junkies it will be easy to spot this right away. For the less informed masses there is a good chance she may come across as knowledgeable, tough and assertive. I have seen one too many debates lost by the good guys simply because they let the other side crapflood the discussion with untruths, distortions and fabrications.

But there is a way to fight this and still wreck your opponent without looking mean, condescending or over the top. Read below the fold to find out how.

Poll

62 votes Show Results

Is this good advice

62 votes Vote Now!

Is this good advice

Good advice and Biden should use it

16 votes

Good advice but tough to pull off given the format of the debate

32 votes

Bad advice, Joe should attack like a pitbull

0 votes

Bad advice, Joe shoudl just make his own pitch and leave Sarah unchallenged

14 votes

Why so close?

abraxas

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Friday September 26, 2008 · 4:02 PM PDT

2008/09/26 · 16:02

One of the things that befuddle many kossacks is not that McCain is dropping in the polls but rather they puzzle why he is dropping so slowly. Why the race is still as close as it is. It is evident to any Kossack here (and slowly percolating to the traditional media) that McCain's campaign has disintegrated into little more than a freak show that should be laughed out of the political scene.

Read below the fold to find out why McCain still enjoys more than 40% of support in the polls.

Poll

195 votes Show Results

My most irrational investment I had a hard time letting go of

195 votes Vote Now!

My most irrational investment I had a hard time letting go of

Pointless or overpriced purchase

34 votes

Running a business that had no objective chance of surviving

14 votes

Backing a political candidate that was not a sensible choice

6 votes

Staying with a spouse or partner with whom I should have split earlier

126 votes

Other (explain in a comment)

15 votes

90+ companies added to the 'no short sell' list

abraxas

Community (This content is not subject to review by Daily Kos staff prior to publication.)

Monday September 22, 2008 · 8:29 PM PDT

2008/09/22 · 20:29

Welcome to the new chapter in the disaster known as the Reagan/Bush/McCain wild west, anything goes economics. The politburo is on to legislating more growth and prosperity by banning short selling of stocks for another 90 companies on top of the 799 already banned last week.

Read after the break for some truly astonishing names:

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RSS

Why Does Government Fear Deflation? The Answer May Surprise You

Biden Spending Boxing Day On Golf Course

Fix this, Barack!

State of The Union Address We Just Heard

My take on the State Of The Union Address

Palin: Freedom of press is a 'privilege' that media 'abuses'

Dow 5000 and The End of The American Dream(tm)

Reid's up to no good (on bailout bill)

McCain's Final Hail Mary Pass?

Much Better Communications Advice for Joe Biden

Why so close?

90+ companies added to the 'no short sell' list