[OT] Ameros will clog the tubes - was Re: Network Neutrality
Andy Bradford
amb-plugg at bradfords.org
Thu Dec 4 22:44:33 MST 2008
Thus said "Daniel C." on Fri, 05 Dec 2008 00:09:33 EST:
> A small amount of inflation is healthy.
For whom?
> It means that everyone's money (the amount they currently have) slowly
> becomes worth less, and that's bad, but the overall benefit to
> everyone - including the person who's sitting on their cash in various
> investments - is "better enough" (sorry I'm operating on too little
> sleep, you know what I mean) to make up for the slight loss of value.
Tell that to people living on fixed incomes who are no longer able to
make do with what they have. Contrast that with before, when the general
trend was for those on fixed incomes to gain in purchasing power
over time (due to innovations, technological advancements and general
improvements in efficiency, productivity, etc...).
Andy
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