2 years ago: The three-step test for inflation

March 30, 2011, on this blog: The three-step test for inflation

Conveniently, there’s a simple three-step test to find out if inflation worries are founded or unfounded.

Step 1: March into your boss’ office. Don’t bother making an appointment, just open the door, walk in and tell him to listen up because you’re in charge here.

Step 2: Inform your boss of the substantial amount of the raise you will be receiving and that this figure is not optional.

Step 3: When your boss blinks in shock at the large figure you just quoted, remind your boss that you have plenty of options. Remind him that you could easily find another, better-paying job by late afternoon. Remind him that in this job market your boss knows very well that he would be hard-pressed to find anyone who could possibly replace you — that you have all the power in this negotiation and he has no choice but to do what you demand.

  • http://twitter.com/lesterhalfjr Chris Hadrick

    no o percent means it didn’t move up or down.

  • http://twitter.com/lesterhalfjr Chris Hadrick

    yes

  • http://twitter.com/lesterhalfjr Chris Hadrick

    Our healthcare system stinks and the AHCA won’t fix it. We had a debate about this once. I was talking about how my bee sting kit cost 180 something dollars or something (it did come with 2 though). Everyone yelled at me for complaining about the price but my point was the price made no sense. it doesn’t cost that much to make a syringe thing with stuff in it. They used to be like 20 bucks.

    We need to get these products to where they are priced rationally and proceed from there.

  • http://twitter.com/lesterhalfjr Chris Hadrick

    correct http://1.bp.blogspot.com/-P3quEkimnPs/TdBkDSiujFI/AAAAAAAADR8/miD5yrNJkRY/s1600/Gold_1833_1999.gif

    ^gold price from 1833 to 1999. it is 1700 is now.

    which matches up pretty closely with the money supply

    http://static.seekingalpha.com/uploads/2011/9/18/1011535-131635775039218-Amine-Bouchentouf_origin.jpg

    gold was actually overvalued when it was in the 300 range moreso than now relative to that.

  • AnonaMiss

    Um… you do know that banks aren’t limited to loaning out the money they actually have, right?

    Not arguing that savings are a bad thing. I like savings! I think the argument should be that savings don’t do anything to get the economy moving again after a recession, or to get employment up again after a big drop. While I would never argue that savings are bad, I think it’s self-evident that savings don’t employ anybody.

  • LoneWolf343

    And if you knew anything about inflation, you would know how unlikely that would be.

  • http://twitter.com/lesterhalfjr Chris Hadrick

    I made a joke once i was a veterinarian. I have since restated many times I deliver packages. many many packages

  • http://twitter.com/lesterhalfjr Chris Hadrick

    banks have to have a fractional amount. the rate of savings in a society dictates the interest rates. If a lot of people have money saved rates will be lower. if people spend more the rates get higher yadda yadda. Of course the Greenspan style of interest rate lowering has destroyed this.

    Anyway yes I’m aware of how that aspect of banking works but I would disagree that saving money doesn’t employ anybody. You have to save money to start a business and other people have to save money for the bank to be able to loan you money without prohibitively high rates of interest.

    More to the point, we do not have too much savings in this society as the chart showed. savings rates were much much higher in the past.

  • http://anonsam.wordpress.com/ AnonymousSam

    And here I thought you were a hotelier.

  • phantomreader42

    So, Chris, since tax rates were significantly higher in past decades, then you agree that taxes can’t possibly be too high now…

  • http://twitter.com/lesterhalfjr Chris Hadrick

    tax rates are just one factor.

  • P J Evans

    Yeah, Ron Paul is about as much a feminist as Phyllis Schlafly. They *both* prefer women to stay home and silent. Because *female*.

  • AnonaMiss

    The listed data shows only personal savings in the United States. Money tied up in tax shelters both foreign and corporate are not included.

  • http://apocalypsereview.wordpress.com/ Invisible Neutrino

    *blatant shamless plugging of EoA writeups.* :)


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