tag:blogger.com,1999:blog-9619963.post4336780566316260475..comments2023-12-08T12:50:34.303-08:00Comments on W.C. Varones: California seeks $6.9 billion federal bailoutW.C. Varoneshttp://www.blogger.com/profile/17663570682958847976noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-9619963.post-4718412089390139222010-01-09T09:41:48.797-08:002010-01-09T09:41:48.797-08:00Anon,
I think we have negligible inflation now be...Anon,<br /><br />I think we have negligible inflation now because of declining demand, excess capacity, and credit contraction.<br /><br />But printing trillions and deficit-spending trillions is certain to cause future inflation, and once it gets started it will be impossible to stop. <br /><br />I think how it will play out is that we'll see commodity inflation before wage inflation, which will destroy the working and middle classes as their paychecks can't keep up with the cost of gas, food, and home heating.W.C. Varoneshttp://wcvarones.blogspot.comnoreply@blogger.comtag:blogger.com,1999:blog-9619963.post-78021445453341105392010-01-08T21:38:24.851-08:002010-01-08T21:38:24.851-08:00Despite all this cash being thrown around, we have...Despite all this cash being thrown around, we have negligible inflation?!?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9619963.post-1525283215732984202010-01-08T16:42:06.225-08:002010-01-08T16:42:06.225-08:00I also read on the cover of the smaller, more expe...I also read on the cover of the smaller, more expensive SF Chronicle that California is scrambling to be at the top of the list of the public school bailout, assuming that somehow they can make it from 49th in the nation to 1st in the nation overnight just to get some of that good bailout cash.<br /><br />LOL! That was great for a good laugh.<br /><br />(as a mother of a child in California's public schools, the laughter did not last very long)Jr Deputy Accountanthttps://www.blogger.com/profile/12886649539758133191noreply@blogger.com