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It only works if more and more people are brought into the systemā¦wait, more money chasing different goodsā¦
Wait! Inflation and āinflationāā¦with the one proving the otherā¦genius.
We break things into smaller and smaller unitsā¦the drive-in got chopped into tv screens, everybody got oneā¦lawyers found out they could make more money by charging separate fees with a higher aggregate total than the complete service once commanded in the marketā¦cellphones, everybodyās got one and itās a hundred bucks a month instead of fiveā¦something going on hereā¦
While Iām against charging for AIR, I do wonder how much it ācostsā to actually use the machine that pumps the air. Does the station get charged by the minute or hour?
All he had to do was stay home and show Skylar his fat belly and heād have a better illustration of inflation. Wouldnaā had to waste any gas either.
remember the hose placed perpendicular to the pumps that would signal a āding dingā to the service station personnel that a customer has just pulled up? and yes, they did wipe your windshield and check your oil if you wanted. you just sat there in your car waiting until your gas was pumped and handed ovr the money while still sitting in your carā¦. and if you paid by credit card, they would go back in to slide the thingie across it and then bring it back to you to signā¦ā¦ā¦.yes, boys and girls it WAS different forty years ago!
@Russell5419 You canāt be that oldā¦. I remember 25 cent gas and guys that put the gas in and washed your windows. If you asked they even checked under the hood! am I right?
While the post-WWII economic boom is said to end in 1968-69, the economy weakened with the recessions of ā58 and ā60. Itās like now, while the crisis weāre living began in ā08, we canāt forget that the Asian crisis in ā98 and the burst of the ā.com bubbleā in 2000 contributed to this state.
Inflation at its simplest: An employee gets a raise. It now costs the employer more to produce his goods so he must increase his price. A manufacturer buys the goods (at the increased price) to manufacture a product which he now sells at an increased price. When the original employee goes to buy that product he needs more more money, so he wants a raise. etc., etc.
In avoiding the dreaded deflationary spirial of death, you need a few percent inflation every year. For instance, after 50 years of 3% inflation, the money is worth 21.81% of original.
pbarnrob almost 13 years ago
Which us kids were breathing, and now thatās our excuse, duh!
piloti almost 13 years ago
Please, donāt confuse him with facts.
tigre1 almost 13 years ago
It only works if more and more people are brought into the systemā¦wait, more money chasing different goodsā¦
Wait! Inflation and āinflationāā¦with the one proving the otherā¦genius.
We break things into smaller and smaller unitsā¦the drive-in got chopped into tv screens, everybody got oneā¦lawyers found out they could make more money by charging separate fees with a higher aggregate total than the complete service once commanded in the marketā¦cellphones, everybodyās got one and itās a hundred bucks a month instead of fiveā¦something going on hereā¦
GROG Premium Member almost 13 years ago
Fortunately the hot air you donāt want to hear is still free.
tripwire45 almost 13 years ago
Yeah, of all the things to charge for.
gjsjr41 almost 13 years ago
That ās the first time Iāve seen Skylar without a hat.
Barbaratoo almost 13 years ago
While Iām against charging for AIR, I do wonder how much it ācostsā to actually use the machine that pumps the air. Does the station get charged by the minute or hour?
LingeeWhiz almost 13 years ago
All he had to do was stay home and show Skylar his fat belly and heād have a better illustration of inflation. Wouldnaā had to waste any gas either.
WaitingMan almost 13 years ago
The convenience store/service station I work at has a free air pump. You donāt want to know what they charge for bottled water.
jonesb almost 13 years ago
But it went up like a hockey stick as soon as we went off the gold standard.
Nighthawks Premium Member almost 13 years ago
remember the hose placed perpendicular to the pumps that would signal a āding dingā to the service station personnel that a customer has just pulled up? and yes, they did wipe your windshield and check your oil if you wanted. you just sat there in your car waiting until your gas was pumped and handed ovr the money while still sitting in your carā¦. and if you paid by credit card, they would go back in to slide the thingie across it and then bring it back to you to signā¦ā¦ā¦.yes, boys and girls it WAS different forty years ago!
J Short almost 13 years ago
Just about 15 seconds before the time runs out you find the hose doesnāt reach the fourth tire.
IloveBlondie almost 13 years ago
@Russell5419 You canāt be that oldā¦. I remember 25 cent gas and guys that put the gas in and washed your windows. If you asked they even checked under the hood! am I right?
R. Araya almost 13 years ago
While the post-WWII economic boom is said to end in 1968-69, the economy weakened with the recessions of ā58 and ā60. Itās like now, while the crisis weāre living began in ā08, we canāt forget that the Asian crisis in ā98 and the burst of the ā.com bubbleā in 2000 contributed to this state.
Dr Lou Premium Member almost 13 years ago
Thatās not exactly an example of inflationā¦
Dtroutma almost 13 years ago
Airlines charging you extra for the air on the plane is next. Prepare to hold your breath a very long time.
Tin Can Twidget almost 13 years ago
Inflation at its simplest: An employee gets a raise. It now costs the employer more to produce his goods so he must increase his price. A manufacturer buys the goods (at the increased price) to manufacture a product which he now sells at an increased price. When the original employee goes to buy that product he needs more more money, so he wants a raise. etc., etc.
Dry and Dusty Premium Member almost 13 years ago
Oh Gawd I knew this one would draw some comments! LOL! If you want a change folks, make it happen! The āGuvinmnetā aināt God you know!
Aslan Balaur almost 13 years ago
People our age now donāt want a tiger in our tanks, but long for the days when we could be tigers in bed, long gone.
DavidGBA almost 13 years ago
In avoiding the dreaded deflationary spirial of death, you need a few percent inflation every year. For instance, after 50 years of 3% inflation, the money is worth 21.81% of original.
DavidGBA almost 13 years ago
Sorry 22.81% (=power(100.0/103.0,50) not power(0.97,50)!